Stock Indices Begin to Strengthen Internally

Between yesterday and today, the Stock Indices are beginning to show some strength in the short term. Breadth is strengthening along with net volume. As you will see in the Briefing, the Indices are stair stepping lower. This makes the rotational pauses very important for trade location. I cannot rule out a greater degree rotation up at this point, but the internal strength over the last two days suggests that is possible. The Briefing outlines important short-term resistance levels that if broken would suggest a greater degree time and price rotation is occurring.

I will be traveling this weekend and will not have charts to prepare a weekend Briefing. The next Briefing will be Monday evening.

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