Stock Indices Pause In Multiple Timeframes

As you will see in the Briefing, the Stock Indices have paused in multiple timeframes, especially as demonstrated by the SPY. The pauses are all at the upper extreme of a longer-term pause. This means breaking out to the upside should usher in a very good move higher, as long as it is accompanied by increasing volume. On the other hand, breaking short-term to the downside opens up testing lower support levels. Market internals are continuing to weaken, but the chop continues.

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