For all the negative divergences that are likely to serve as a bear trap in the not too distant future, there is still ample room in breadth left to take S&P 500 over the 5,200 resistance so vigorously defended Friday.

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After many weeks in the downtrend the bulls managed to push the price of copper not only above the previously broken 200-week moving average, but also above the upper line of the red declining trend channel