Stock Indices Countertrend Move Continues

It is my opinion the Stock Indices are in a countertrend rotation correcting the selloff into Monday’s lows. Price is not appreciating significantly and the internals are not strengthening. However, this does allow for more work to the upside as part of the countertrend move. If there are higher prices tomorrow, how they develop will give us the information we need to determine if Monday is a longer-term low, or there is another leg lower in the making.

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