The advance/decline and the new high/new low are still lagging the indices.
The MACD on most of the indices are also showing a negative divergence. These two negative could be a sign of a potential upcoming market pull back. Certainly the current price pattern does not appear to be a topping formation. Until the topping price pattern appear, the recent renew strength seems to indicate higher high for the near term.
Here is a look at some possible higher high price levels.
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