Stock Indices Show Important Selling Tail

The Stock Indices today had an important selling tail just after the open. This could be important information for the coming days. While market breadth was stronger than I would have expected with the price decline, there is still a longer-term divergence. Once again, volume is continuing to be extremely low.

If the selling that occurred after the open today is going to be predictive of additional downside, today’s range should not be traded through.

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