Stock Indices Close At Important Support

Based on the inflation numbers and comments from the Fed, the Stock Indices had a roller coaster day. Most important is they closed at or just below very important support that was resistance going into yesterday’s trading. Closing below those support levels will raise the probabilities of a possible test of the January 24 lows. How this week closes will be important to the next greater degree price and time move. Monitor the support levels discussed in the Briefing, especially where the Indices close tomorrow.

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