Case in point. Market breadth looks terrible. Even as the S&P 500 remains in a narrow trading range, there are negative divergences everywhere I look.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikySdFMGG8Ax70gpJwhN7oxzuMpY6nQxFvduoKFO4n5R7IRUhqlpdAnZxjGQOyyoSksb8vMucKTQnKezDY7MdPPugqDq98UNnh8GQ6PzLOY_vZAhhydBkBOJuAWGdddP0Dn8N34l2GsaT_y6U6_nOlCbvlIucEy0J4kEma83mSjUwWIWKTCSUUxsDWYQ/w374-h400/SPX.png)
The full post can be found here.
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