Stocks Selloff As Discussed In The Briefing

As I have suggested in previous recent Briefings, the intermarket divergences and lack of strengthening market internals all were adding to the risk of some type of move lower, not higher. Today, much damage was done in the Indices in terms of taking out important support levels, especially in the S&P. With that said, we reached a point of being extremely oversold by the close. This suggests the higher probability of some type of rotation up tomorrow to work off the oversold condition. How that move develops will be extremely important, as discussed in the Briefing.

DAILY BRIEFING 180625 from Joe Mertes on Vimeo.

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