S&P 500 Advance Decline Line Confirms New Highs

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Source: BAML

 

Earlier today, we discussed why the new market highs are so bullish.

Technicians like to look at determinants beyond prices to get a read on how a market’s internals are behaving. Stephen Suttmeier, a technical research analyst at Merrill Lynch & Co., points out that volume and breadth are just as important as prices in understanding a market. Continues here

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