Stock Indices Grind Lower

The Stock Indices had a slow decline in today’s trading. Market breadth declined following price. Normally, breadth would lead price. This leads me to be a little cautions of this decline. So far, it has not become impulsive. While the QQQ and IWM are definitely in a rotational move lower, the SPY and Dow Industrials are still lingering at resistance. This results in giving us a mixed message of the next potential short-term move.

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