Stock Indices Reverse Near Equality

Today’s trading in the Stock Indices was very interesting. While they did not quite reach equality for a countertrend rotation, they came close and then reversed. Closing at the low of the day suggests the possibility of lower prices tomorrow. If that occurs, it will be important for breadth to be weaker than today and volume to be higher. If not, expect another rotation back up and the possibility of reaching equality. Most traders are wishing and hoping the bottom is in. That makes shorting the Indices difficult, but be aware. If that sentiment is crushed, the market could turn quickly.

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