MU’s Impact On The Indices Fizzles

After the close yesterday, there was much buying exuberance that fizzled after the open today. However, the Indices are now at important support levels and it appears the internals may be beginning to turn and strengthen should they decide to turn up. If that does not occur and price begins to trade below today’s low with weakening internals, it will suggest a greater degree time and price rotation lower may be in the offing.

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