Price Development Approaches All-time Highs. Market Internals Deteriorate

As you will see in the Briefing. The rally over the last three days has brought price up to the previous all-time highs. However, price structure is deteriorating, making the sustaining of the rally suspect. Unless or until the market internals begin to strengthen, I am suspect of a continuation, especially as the Indices come into long-term resistance. Remember, the internals can change to support price. That typically happens around a news event. CPI numbers are out tomorrow and can be a market mover.

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