Indices Continue In Short-term Rotation

The Indices today spent the day in a rotational pattern. Volume continues to fall and breadth declined as well. Short-term support levels held today which is price development positive, but for a longer-term breakout, price needs the support of the internals. As of this day, that support is not there. Hopefully, that may change in the coming days. Keep in mind, GDP is out Thursday morning and PCE on Friday morning.

Leave a Reply

Your email address will not be published. Required fields are marked *