Market Internals Continue To Deteriorate

While the Indices opened lower today, they successfully achieved a remarkable rotation back up. This rotation was accomplished by a continuation of market internal deterioration. This suggests there is increasing risk of a move to the downside. While the internals can always correct to support price, the higher probability is price will correct to the internals, unless there is a news event. This is a very weak Market internally. Use caution until the internals strengthen to support price.

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