Breadth provides a major reason why it’s right to ignore exogenous events

Short-term US Equity trends have still grinded largely sideways in recent weeks following the bullish breakout back to new all-time highs for SPX and DJIA.   Despite minor early weakness following the escalation in the Middle East, Equities barely showed much true weakness and managed to recoup half of the earlier decline.   My technical thesis is unchanged:   I expect markets to stabilize and turn back hi...

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