While the intermarket divergences still exist, the Indices are still caught in a rotational pattern, even on a daily basis, opening higher, trading lower, and then back up again. This is likely a result of weak market internals and a lack of conviction on the part of big money that can drive price in one direction or the other. It will likely take a news event to see a breakout move and a trend in one direction or the other. When that move comes, it should be a very good trend, supported by strengthening internals in the direction of the trend.