Weak Internals Turn The Stock Indices Lower

As discussed for the last few Briefings, the market internals have been weak and weakening each day. Even though price was attempting to push higher, it was only a matter of time before price would correct to the internals. Tomorrow will be extremely important. If another leg lower is beginning, today’s high should not be traded through. There should be follow-through to the downside, otherwise we may be simply looking at a short-term countertrend move.

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