Stocks Indices Move Higher But Then Pause

As anticipated in yesterday’s Briefing, today was an up day in the Stock Indices. Breadth opened up strong, but after the first hour of trading, there was no follow-through and the markets simply paused into the close. A break from that pause may give the next short-term move. However, if it is higher and breadth is diverging from today, expect a rotation back down. If the break is lower, the low of today is your first support level. Breaking that would suggest a continuation of lower prices.

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