Stock Indices Breakout And Retest The Breakout Point

The Stock Indices broke out of a rotational pattern today. While the breakout suggested a higher probability of a greater degree time and price move, it was quickly retraced this afternoon. This makes tomorrow’s price action extremely important. Holding above the breakout will suggest higher prices. Trading below will suggest today was a false breakout and the higher probability of rotation back through to test support.

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