Stock Indices Breakout Higher

The Indices, except for the IWM broke out above important resistance today. While volume increased slightly, market breadth declined, which was a little surprising. With that said, if there is continued follow-through tomorrow, it will be important for breadth to expand and volume to continue to increase to support the breakout rally. Watch for any divergences in the first hour of trading tomorrow that could signal a possible test of support.

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