Market Internals Extremely Weak. Price Diverges

The S&P and NASDAQ made slight new highs over Friday. However, the market internals were extremely weak. Additionally, the Russell was showing price weakness. These internal and inter-market divergences give me some concern. Unless they are eliminated tomorrow within the first hour of trading, it could lead to another leg lower. If the internals do not strengthen, the Russell may give an early warning signal of more downside for the other Indices.

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