Stock Index Internals Begin to Strengthen. Will It Be Sustained?

Below is the link to the Briefing for this week. Last week, the Indices were signaling a very weak internal structure as price continued to move higher. However, this week some of those internal components began to strengthen, reducing the probability of some type of correction. The Indices have eliminated their divergences, although the Transports appear to be re-testing their breakout point. If they do trade lower next week, it will be the first warning flag. If this rally is to continue, it will be important for the internals to continue strengthening to support higher prices. Until then, use good stop management on all long positions.

DAILY BRIEFING 200117 from Joe Mertes on Vimeo.

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