Something Is About to Happen
If we look at the indices that most closely represent the "average" stock (for our purposes, these indices are the equal-weight S&P 500, S&P 400 and S&P 600), we can see from the current price structures that we are close to an inflection point in the market.
The major indices are testing important resistance lines and look ready to make a break to the upside. The internal structure of the market (breadth, internal momentum) is currently divergent to the price action in the cap-weighted indices, but we suspect that something is about to change. Either the bullish rally is about to fail or the internal divergences are about to resolve to the upside and support the current rally....347 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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