Market Internals Begin To Strengthen

Last week, the Stock Indices completed an area of rotation and closed at important support levels. However, while price was declining, the internals were strengthening slightly. This does not preclude price to continue falling, but it does suggest caution on short positions, unless the internals weaken significantly. In fact, the internals may be signaling the Santa Clause rally may be forming. As always, price development is important. The internals should confirm any additional moves.

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