As discussed in yesterday’s Briefing, the Indices reached a point of being overbought, but the NASDAQ was at an extreme overbought condition. This led to the possibility of some type of pause or countertrend rotation to work off the overbought condition. That is exactly what occurred in today’s trading. The question now is whether this countertrend move is complete or if it has more work to do. On any move higher, the internals should be as strong or stronger than yesterday. On the contrary, on any move lower, the internals should be weaker than today. If the internals do not confirm tomorrow’s opening move, expect a reversal from the opening move.