The market has run higher into the meat of the Q3 earnings reporting season … here is a look at the market internals.
McClellan Summation Index – Daily
I like when the odds are in your favor … I commented in late August, that the internals were setting up for a rally in the market. To me, it appears like the market internals are suggesting at best a period of consolidation or at worst an interim pivot high leading to some sort of a pullback.
If we are going to start chopping, I plan on reducing the time frame of the trades I put on.
Cheers … Leaf_West