Stock Indices Spend The Day In Rotation

For the most part, the Stock Indices spent the day in rotation. While important longer-term resistance is within striking distance, unless it is traded through, the risk is to the downside. Volume collapsed today, as is typical for a rotational pattern. At this point, the internals are not strengthening. However, employment numbers loom at the end of the week. They can move the market if we end up spending the week in rotation.

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