The bears' chance to make a stand

Mid-week market update: As the S&P 500 pushed to another fresh high, more cracks were appearing in the market internals, indicating that it may be time for the rally to take a pause. Negative divergences, such as the 5-day RSI and a trend of falling NYSE new 52-week highs, are warning signs for the near-term outlook.

While the intermediate-term trend is still up, the bears have a chance to make a stand here, at least in the short run.

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