So the S&P 500 got through the 1200 resistance level. But did you notice that the Nasdaq Composite essentially got back to where it was early last week? And the Russell 2000 is also back to last Monday's levels.However, the most interesting development for me is that the breadth finally got moving. The majority of my indicators are calculated using various breadth measures, and if breadth stinks and can't string together a few days of positive readings, my indicators can't lift. Monday's strong breadth reading has pushed some of the indicators upward.
Breadth Returns to the Markets
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