Intermarket Divergences Continue On Low Internal Strength

The short to medium-term intermarket divergences still exist. Market internals were fairly weak today, suggesting a struggling market that wants to move higher but simply cannot. Along with that, there is simply no selling pressure on the moves lower. Volume is so low that buyers can step in and stop the slide. We need to see a breakout move in one direction or the other.

Leave a Reply

Your email address will not be published.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