Stock Indices Trade Lower. Internals Are Lackluster

The Stock Indices traded lower today after testing resistance. While price development appeared to be impulsive, the internals were definitely not signaling an impulsive move. While that can change tomorrow, I am suspicious of the move, unless we see the internals weaken significantly. Trading below today’s low will suggest the NASDAQ and Russell are breaking significant support and a greater degree time and price move lower may be developing.

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