Stock Indices Pause On Weak Internals

Today was a low range day in terms of price development. Along with the rotation we saw, the internals were fairly weak. Important will be breaking short-term support or resistance that will lead to a test of intermediate term support or resistance. The Indices are neither overbought nor oversold. Therefore, price could breakout in either direction. If and when it does, the internals must support the move, or it will be a false breakout.

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