Market Internals Signal A Reversal In The Indices

As I have been discussing for the last several trading days, the internals of the Market have been deteriorating. While NVDA’s earnings yesterday had the potential to strengthen the internals, today was a significant reversal day. There was no follow-through to the gap this morning and the internals continued to diverge even on higher prices. The Market did reach a point of being oversold today, so look for short-term positive divergences tomorrow on any lower prices.

Leave a Reply

Your email address will not be published.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