Stock Indices Close At Important Support

The Stock Indices today attempted to trade higher but ended the day close to their lows. This suggests the possibility of follow-through on Monday. If that does occur, watch market breadth. It has been strengthening for the past two days. If lower prices are in the offing on Monday, breadth will need to be declining substantially. Otherwise, the move will break support and then rotate back up. The NASDAQ is at extremely important support. Breaking through that level could weigh on the other Indices also. Monday will be extremely important in determining the next greater degree time and price move.

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