Stock Indices Sell Off On Bank Fears

Normally, prior to a Fed announcement, the market is paused to slightly higher. Today saw the Indices in a pretty good selloff. It was followed by declining breadth and increasing volume. Today’s low is very important for tomorrow, especially if there is no breadth divergence on a lower low. However, remember there will likely be a lot of volatility at the Fed announcement, during the comment period and after.

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