Stock Indices Continue To Pause At Extremely Important Support

The Stock Indices continue to trade in the area of very important support. As you will see in the Briefing, trading much below Friday’s lows will suggest the possibility of a breakout lower in a greater degree of time and price move. Additionally, it appears the internals of the market are continuing to weaken with Thursday being the weakest internal day in quite some time. While there is always a possibility of a continuation of rotation up, unless the internals strengthen on the up moves, they are simply countertrend to the last thrust down that started at the end of March. Make no mistake. The current lows are extremely important.

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