Intraday Update – Consolidation Taking Shape?

2:10 p.m. ET As mentioned yesterday and earlier today, 2 of 3 internals conditions for 1-day overbought internals were very strong yesterday, but the final (the dominant price/volume relationship) was not. After internals reflect 1-day overbought, we usually get a consolidation and considering the S&P’s +6.3% gain from yesterday’s opening low to today’s early high,…