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Short Term Internals Still Point To Higher Prices, But There Are Some Longer Term Red Flags Appearing

So it looks like we are again in rally mode, with the major indices up again today.  The small cap Russell 2000 Index pushed above its 200-day moving average and gained an impressive 1.47% by day's end.  The large cap indexes performed well too.

So what next?  Will the Russell 2000 again try to rally, but fail again at its early March high?  See the picture below.  The resistance point is right around 1210 on the index.

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