Steady uptrend

Markets had a shakeout couple of weeks ago. After that it has again established a steady uptrend and continues to act well.

Most breadth based indicators are now back again in extended territories. But that by itself is not a case for concern as markets can remain extended for long period of time.

The technology sector has been still lacking in this rally. logically for move to continue at some stage there should be a rotation in to it.

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