Rallies on extremely light volume are suspect particularly when they are parabolic. Without institutional participation, moves of yesterday's magnitude are almost always unsustainable.
Despite the fact that the broad market trend remains bearish, there is currently a divergence developing between the S&P 500 and Nasdaq that suggests there might be another move higher.
It’s not really the end of the world, but to read some of the analysis and data over the past week, it's hard not to wonder if it's not the beginning of the Endgame at the very least.
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