Stock Indices Break Support

The Stock Indices this week broke important support levels. However, while breadth was supportive of the breakout, volume was not. This is still a market that makes an opening move lower and then spends the rest of the day in rotation on low volume. Once again, the rotation today offers the potential for a good trade location on Monday as long as breadth is confirming. At some point, volume will begin to support a move lower. When that happens, we will see much more impulsive moves.

Leave a Reply

Your email address will not be published.