Breadth may improve by the end of the day but even if it does it is very likely to still be in a state of increasing divergence between higher highs, especially in the Russ. This does
not necessarily mean a top is imminent, but it does continue the very consistent
pattern the indices have been in since last November and is supportive of the idea that while prices may grind higher for a while the momentum peak and acceleration phase of the rally that began May is complete.