Stock Indices Decide To Continue The Rally

In yesterday’s Briefing, I said the Indices appear undecided about whether they were going higher or lower. Today, it appears they resolved that conflict. The SPY and QQQ both traded and closed above resistance. More importantly, Breadth strengthened nicely to support price and volume increased as well. This leaves intact the possibility of a greater degree countertrend rotation higher. In the SPY the next upside support is 410. Above that is equality in the 440 area.

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