Stock Indices Trade Higher, But Internals Lag

The question facing the Market for next week is whether this countertrend rotation is complete. As of today, with the Indices moving higher, the internals did not really show a significant strengthening. While that can change on Monday, it will be important to monitor them carefully and any additional rally. On the other hand, if the countertrend rotation is not complete and there is a three-step move in the making, the internals should not weaken significantly. As of today, the Market is at important Key Reference Areas. Whichever way price develops on Monday, it will be important to have the internals confirm.

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