Today’s Briefing may prove to be very important. I discuss three bearish technical patterns that if played out will have projected at least an intermediate term countertrend move lower. I do caution. Those patterns are not viable until certain levels are broken. Also, price development and price structure suggests there is more downside work to do. All of this will be negated by trading above a certain level outlined in the Briefing.
If there is downside work still ahead of the Indices, it should not delay too much longer.