The Market certainly has an optimistic view of current economic and geopolitical environments. Breadth was fairly negative today and the Indices reached a point of being oversold but not to an extreme. The Briefing outlines the analysis of a potential three-step countertrend move. Tomorrow, monitor short-term support and resistance levels. It may give us a lead on the next intermediate-term move. On the other hand, if optimism begins to fade and the October 2022 lows are tested, selling could accelerate.