Stock Indices Bounce Off Important Support

As discussed in many Briefings, it appears the Stock Indices have completed a countertrend rotation higher and are now in the process of developing another potential leg lower. Today, they reached important support and bounced off of it. If that support holds, it will suggest a developing rotational pattern. If broken, it will mean the possibility of testing the October 13 low. Expect a pause tomorrow, but support is now very important, especially if broken.

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