I will be traveling the rest of this week and will not be able to record a Briefing. However, if anything significant develops, I will update in writing.
Important things happened today. The Industrials and S&P finally broke out. However, the Russell and NASDAQ are still lagging. Internal divergences occurred today. If they persist, it could be a warning of a deteriorating structure. One day is not significant in terms of internal divergences. On the other hand, if they persist, the result will be some type of countertrend rotation.