After yesterday’s trading, there were some slight internal divergences suggesting sellers may be exhausting themselves, at least in the short term. While this is a news and fear driving market, we could see the potential for a few days of pause, as you will see from the Briefing. While it appears we could have more upside work to do, any bad news that hits the market will send buyers fleeing and sellers will take over again. I do not see this as a bottom, but a pause. What happens at the next lower low could be extremely important to the longer-term development.

DAILY BRIEFING 200319 from Joe Mertes on Vimeo.