Stock Indices Trade Slightly Lower On Strengthening Internals

While yesterday was a very strange day in the Stock Indices with extremely weak internals and buyers who kept the market from falling, today was just the opposite. There were lower prices on stronger internals. The resolution to these divergences will be very important. Keep in mind the first of the week, there is a Fed announcement on Wednesday. That can change the perception of value and we could see a large move. The Indices closed at important support today. If there are lower prices on Monday, the internals should confirm by declining. If not, expect a rotation up or a continuation of rotation.

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