Stock Indices Breakout Above Support On Declining Volume

The Stock Indices today had a late-day rally that took the SPY and QQQ just above resistance. The problem is the move was made on declining volume. In the past, this has been a warning of a potential reversal, unless new buyers come in and strengthen the rally internally. The Briefing outlines extremely important support for tomorrow’s trading.

Leave a Reply

Your email address will not be published. Required fields are marked *