The Indices spent most of the day in rotation, except for the NASDAQ that opened lower and then went into a rotational pattern. There is a Fed announcement at 2:00 PM EST tomorrow that will certainly move the Market, especially if there is an interest rate increase. Additionally, MSFT, META, and QCOM announce earnings tomorrow after the close. Those results and especially any comments on future earnings and financings for AI will move the Market on Thursday.

As you will see in the Briefing, I do not like the internals of this Market. While that can change with the news events tomorrow, I am very cautious and doing my best to sit on my hands. This Market could make a large move, and I fear it could be to the downside. However, neither price development, nor price structure are signaling the possibility of a move in either direction.