Even though the S&P 500 ripped to new highs recently it is glaring to note that Market Breadth levels have declined significantly today compared to the June 8 High. On June 8 with the S & P making new highs around 3200 the McClellan Oscillator registered a whopping +450. So although the S & P hit 3600 in early September the McClellan Oscillator only managed to make it to the Zero line. Clearly divergence has occurred and any rally's from here I believe will only make it to resistance levels before resuming their Downward trend. I'm Short Bonds (TMV) Stocks (SQQQ) and Long Bitcoin, and various alt coins.