NASDAQ Weakens. Russell Strengthens

Short-term intermarket divergences were alive and well in the Indices today. The SPY was basically flat until the close. The QQQ was lower all day. However, the IWM was up from the beginning of the day and held on to most of the gains going into the close. Market internals were moderate. It will be interesting to see how the divergences are rectified. Short-term support and resistance for tomorrow will be very important.

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