Stock Indices Pause, Then Thrust Lower

The Stock Indices paused today, as expected, but going into the close developed another thrust lower. Closing at the low of the day suggests there could be follow-through at the open tomorrow. Also, the pause worked off the oversold condition discussed in yesterday’s Briefing. The Indices are at support levels, so what happens tomorrow will be important. If there is a lower low, look for internal divergences that will suggest a pause or rotation higher.

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