Price Trend Continues Higher. Internals Flat

The trend in price continued in the Indices today with both the SPY and QQQ making new all-time highs. The IWM lagged both. Important is the fact, the internals were basically flat today, even though price moved higher. Therefore, the internal divergences still exist. Unless that changes, there will likely be some type of rotation lower. In fact, a correction could be very healthy to the longe-term price development.

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