The Stock Indices had a nice selloff today, as suggested in previous Briefings. The weakness today is a result of extremely weak internals and the lack of enough strength to continue the rally. Thus, selling started today. While one day does not make a trend, the Indices all signaled they want to trade lower tomorrow. If they do, watch for internal divergences, signaling some type of pause.
Things could get very interesting from here, especially, if the internals begin to confirm today’s move.