The Indices were off to higher prices at the open today. The opened just above resistance, which is now support. The internals were not that strong. However, there was no rotation back through support, except for the Russell. Watch support very carefully tomorrow. If it is broken and the internals are weak and weakening, expect today to be a false breakout and there could be rotation through the range. On the other hand, trading above today’s high on strengthening internals would signal the continuation of the move higher.
