The Indices opened lower today. It looked like it was going to be a good move to the downside. However, buyers stepped in and drove price back up. The problem with the rally was the internals. Market breadth in the S&P, Nasdaq, and Russell was negative. Volume was low and in the S&P, and Russell there was more down volume than up volume. This makes developing a strategy for trading the Indices difficult. However, when they do reach a Key Reference Area and the internals are strengthening in the direction of the trend, expect a good move in terms price and time. At this time, due to the weak internals, I am leaning more to a breakout move lower. However, a news event could change that and the internals could strengthen on a move higher. Right now, the risk is to the downside.