Stock Indices Linger At Important Support

The Stock Indices opened lower today, rallied, and then sold off. They are simply in an area of pause at an extremely important support level. Breadth is strengthening some. This has caused a slight divergence between price and breadth, but until there is an increase in volume in one direction or the other, we could be in for a lot of chop until traders decide whether value is higher or lower. This may be a very important week for the market. If there is a break to the downside, it could accelerate, if volume is increasing.

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