It’s impressive that the large caps have been able to hold ground in spite of deteriorating internals. This is not the case in the small caps, as dollar weakness forces a discrepant wedge between the two. Nevertheless, it’s difficult for me to imagine price continuing to hold ground into the PM session.

Related posts:

  1. 01.28.08 – Pivot Resistance but Strong Tick
  2. 11.19.08 – Resistance Too Strong
  3. 12.14.07 – Pivot Resistance
  4. 10.14.09 – Price Resistance on Strong Internals
  5. 07.23.10 – Post CEBS Struggle Above Pivot