Short-term Key Reference Areas May Give Clue to Next Move

The high of yesterday held in all of the Indices. A break of yesterday’s high would increase the probability of a test of upper resistance areas. Alternatively, a break of today’s low would suggest rotation back through the rotational pattern and a test of the lower extreme. Volume is falling off on the rallies and breadth is still diverging. The key is the high of yesterday and the low of today.

Leave a Reply

Your email address will not be published. Required fields are marked *