Highlights

• The S&P is stalling out in October, but this is not alarming given that monthly and quarterly projected resistance zones are overlapping in this area, and breadth divergences continue to build.
• Accordingly, weakness should be expected in the weeks ahead, which we are good with as long as damage is contained beneath the surface. 
• Breadth is moderately oversold, and although short-term weekly trends are taking on some water, the more important monthly and quarterly trends are stable.
• Also. . .