Stock Indices Showing Weakness

The intermarket divergences discussed in previous Briefings are still in existence. Most of the Indices are showing a rounded top. As of today, they have tested important support. Therefore, what happens tomorrow is important. We may see a pause. If so, how that develops will be important. On the other hand, if today’s low is traded through and Breadth is more negative than today, expect an acceleration to the downside.

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