Stock Indices Continue In A Pause

The Stock Indices are in a rotational or pause pattern. While the daily range is not that great, a break of the current extremes should be a good move, if followed by supporting internals. Next week is a holiday week. This could have the effect of continuing the pause. One thing is clear. The internals are still deteriorating. However, we are reaching an oversold condition. On any move higher, monitor volume and breadth to be sure they are supporting the move.

Leave a Reply

Your email address will not be published. Required fields are marked *