Stock Indices Reverse After The Open

Surprisingly, the Indices opened higher today and continued the rotation up until the IWM began to sell off. That led the others to follow until yesterday’s low was taken out. Then, volatility started going into the close. There is a divergence in market breadth at today’s low that could suggest more upside tomorrow. Key to tomorrow is today’s low and eliminating the breadth divergence, if selling is to continue.

Leave a Reply

Your email address will not be published.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