Stock Indices Unsure of Whether Value Is Higher Or Lower

If you have kept up with the Briefings, you know I have developed a higher probability of another leg down in the Indices. As you will see in the Briefing, the SPY and QQQ are both testing upper short-term resistance. On the other hand, the Russell is completing a triangle and appears to be ready to breakout. Tonight’s Briefing outlines short-term and intermediate-term resistance levels that if broken will begin to lower the probabilities of another leg down. Until those are broken, I will maintain my bearish stance.

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