Price Continues To Pause But Internals Begin to Strengthen

After the CPI numbers on Tuesday, the Stock Indices surged. Since then, they have been in a pause and worked off an extreme overbought condition for the last three days. Important is the fact the internals of the market are strengthening. This would suggest a higher probability of a breakout to the upside. However, next week is a holiday week with the Market closed on Thursday. Volume, as the week progresses, will be falling. This could set up for a false breakout. Use caution as a result of the low volume next week.

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