But the divergences we have been showing still exist in spades.
6 month yield count is supportive of a thrust higher out of a triangle. This will tend to drag the 3 month yield higher and thus spark another Fed interest rate raise which if they did in September I think would be utterly brutal toward the financial situation of the world's debt problems. Banks are already stressed in Europe. A long term trend that won't be fixed.
Yes the NYSE cumulative has gone vertical but the actual underlying index price has not yet made a new high.
Of course the Global Dow lags the most.
Gold is due for a pullback. Bullish sentiment is very high.