Stock Indices Continue In Rotation

On Friday of last week, the Indices attempted to break out of an intermediate-term rotation pattern. There was follow-through today, but the internals were not strong enough to support the price move. That resulted in the gains for the day being completely retraced. There is a news event tomorrow that certainly has the possibility of changing the perception of value on the part of traders. Use caution tomorrow until the market has digested the news.

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