Stock Indices Consolidate And Work Off Oversold Condition

As discussed in yesterday’s Briefing, the Stock Indices did pause to work off the extreme oversold condition. That pause offers a great area of trade location. However, on a breakout it will be important for the internals to confirm the move in either direction. Any move lower that tests or breaks through yesterday’s low should be followed by increasing volume and decreasing breadth. If not, be suspect of the move.

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