Stocks In Rotation

From a weekly perspective, the Indices have been in a rotational pattern for almost six weeks. It appears that neither buyers nor sellers can gain control. However, the rally from March 13 low is weakening internally. Volume is collapsing and breadth is declining. Other internal indicators are weakening as well. Until short-term Key Reference Areas are traded through, expect continued rotation.

Leave a Reply

Your email address will not be published. Required fields are marked *