Cash, I concur with your read. You will remember the divergence in the 10-week lows I noted among various sectors. The $RUT for example put in a distinct 10-week low on June 27. The last few major cycles seemed to phase in over a period of a couple weeks as various sectors put in lows. This seems to be happening again. If correct, the market will launch into a final run for the summer peak next week.
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