The headlines: $S&P 500(.SPX)$ rallies for 8th consecutive day
Under the surface: market breadth posted negative again today and the S&P 500 for a 10th attempt has failed to break above 4400 - 4330.
My observation is that the better market advances over the last two years which have sustained for more than a few days were built on positive breadth. The recent rally does not share this trait.
This current market advance I think unravels quickly if breadth fails to improve.
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