Market Internals Signal A Possible Short-Term Correction

Use caution on any long positions you currently hold.

After today’s trading, the market internals continued to deteriorate, and as you will see in the Briefing, are sending flashing warning signals. Short positions should be considered as support levels are broken. Unless the internals correct to support price levels, the risk is greater to the downside for some type of correction.

It should be a very interesting close to the trading week over the next two days.

DAILY BRIEFING 181003 from Joe Mertes on Vimeo.

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