Stock Indices Continue To Pause On Weakening Internals

The Stock Indices today spent the entire time in rotation, testing the lower extreme first and closing at the upper extreme. However, both volume and breadth continued to decline today, suggesting the rotational pattern from the last three days is not strengthening. Since they closed at the high of the day, on any breakout to the upside, volume and breadth should be increasing to support the move. If they do not, then the breakout should be suspect.

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