Stock Indices Sell Off Into Support Before Bouncing

At the close yesterday, the higher probability was for a continuation of selling today. I discussed this in last night’s Briefing. All of the Indices sold off today and tested lower support levels before bouncing higher. Market internals were very weak today but recovered somewhat. If the Market does not start lower tomorrow within the first hour of trading, the probabilities are higher that a short term bottom is in.

Leave a Reply

Your email address will not be published.