Market Internals Deteriorate For Third Day

The current rally in the Stock Indices is losing internal strength. However, employment numbers are out tomorrow morning, and that news event can change the perception of value on the part of market participants. If the rally continues much farther, the internals will have to strengthen to support price. On the other hand, if the internals do not strengthen, price may begin to fall. Short and intermediate-term support areas are critical for tomorrow.

Leave a Reply

Your email address will not be published.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