Stocks Sell Off In Front Of Employment Numbers

The Stock Indices today had a decent selloff. Short-term support levels were traded through, opening the possibility of continued selling tomorrow. Both breadth and volume confirmed the decline. There is a significant news event tomorrow morning that can change the perception of value on the part of traders and investors. If there are lower prices at the open, monitor breadth. If it is diverging, expect some type of rotation up.

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