Stock Indices Trade Higher, But Internals Weaken Again

The SPY and QQQ both took out important resistance today. However, the internals are still weak and weakening, especially volume. The Russell is diverging from the other two Indices as well. This gives us a mixed picture for Monday. If the rally in the two Indices is to continue, we should see breadth and especially volume begin to increase. If not, this rally is suspect. Watch the important support and resistance areas outlined in the Briefing.

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