Stocks Pause But Internals Remain Extremely Weak

For the most part, the Stock Indices paused today. The Russell traded below Friday’s low but the SPY AND QQQ held right at it. We finished Friday at a very extreme oversold condition. While some of that was worked off today, we are still very oversold. I still believe, due to the weak internals, if Friday’s low is broken, we could see an acceleration to the downside.

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