Stock Indices Breakout Higher But With Weak Internals

The Stock Indices remain in a critical area. Either they will continue a rotation higher off the recent weekly low, or they are completing the second leg of a three-leg correction on a monthly basis. The key to sustaining the rally is going to be the internals. So far, they are weak and weakening. Short-term support levels will be critical in the coming week. If this rally is not sustained and weekly support is broken, selling could accelerate. To date, the internals are supporting additional downside.

The coming week should be critical as to the next greater degree time and price move.

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