The indices are approaching upside KRAs. These areas should be watched closely because how price behaves in these areas will determine whether or not the indices head down to new lows, or there is more upside in the rally. Our price/breadth work suggests at least some retracement should occur before the KRAs that are being approached will be exceeded by much, if at all.

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ES

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SPY

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NQ

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QQQ

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TF

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IWM

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YM

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DIA

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