Breadth has been declining since 10:00 AM, EST. Much further upside is probably limited unless Breadth can begin to expand. The indices are attempting to transition into Vertical Development from extended Balance Areas. While some price/Breadth divergence would be normal, the degree of divergence at this time is a concern for the immediate trend. We’ll see what the rest of the day brings and if Breadth expands late and into the close.
