Stock Indices Extend Losses On Extremely Weak Internals

The Stock Indices extended their losses today. Key to the move was the extremely weak internals. Additionally, they extended lower below important support and closed well below it. Markets run and pause in all degrees of time. Therefore, we reached an extreme oversold condition at today’s close. This suggests the potential for a pause or some type of rotation higher. With that said, there is nothing to keep this market from flushing out all the sellers with a substantial capitulation move.

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