Internals Strengthen Going Into Today’s Low

Market breadth strengthened somewhat in today’s trading, even though the Indices were down slightly. Volume also fell off, suggesting the rotation at important support is possibly going to continue. Other information points to a possible selloff in the next few days breaking support and testing the June 17 lows. The first hour of trading tomorrow will likely resolve the conflicting information. If there are lower prices, be sure breadth eliminates the divergence created today or there is risk of another rotation up.

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