Stock Indices Break Out On Strengthening Internals

The CPI numbers today gave enough fuel to the Indices to move them above resistance. Breadth supported the move and volume increased slightly. What was resistance is now support. While the Market is slightly overbought, I expect there to be follow-through tomorrow. If there is, be sure there is not a breadth divergence on any higher high. That could signal a possible rotation to work off the overbought condition.

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