Stock Indices Gap Lower And Then Rally

In yesterday’s Briefing, I said the Indices need to have a gap down and then run to wash out all of the selling so we could get a decent rally. The gap happened this morning but there was no continuation. The gap occurred and buyers came in immediately and drove price higher to close at important resistance. The internals in the rally were not significant, which leads me to approach the long side of the market with some hesitation tomorrow. If there is follow-through tomorrow, the internals must strengthen to support it.

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