Stock Indices Are Undecided

While the Stock Indices were lower today, volume as not increasing and Breadth diverged on a daily basis. The end result is after the last two days of selling, the move is not becoming impulsive. Just as I warned at the recent high the Market internals were diverging, they appear to not be supporting the move lower. Although, that could change tomorrow. If there are lower prices, look for internal divergences. If the move is supported by the internals, look for a pause at lower support levels.

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