Stock Indices Gap Higher But Lack Follow-through

The Stock Indices opened higher but were unable to follow through. The pause for today does give us the opportunity for good trade location. However, be aware of any breadth divergence on a break to the upside. It can signal a false breakout. In the weekend Briefing, I discussed the possibility of a greater degree time and price countertrend rotation higher. Tonight’s Briefing outlines where those important resistance levels are located.

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