The Russell Signaled Today’s Pause. Volume Was Low

The Russell in the first hour of trading signaled the possibility of a pause or rotation lower. That coupled with a divergence in breadth for the NYSE and NASDAQ put a damper on the continuation of the current rally and breakout move. While volume was low, it will be important to determine on Monday if this pause is complete or may be developing into something greater. The Russell bounced off extremely important support. The Briefing outlines all of the critical support areas in the SPY, QQQ and IWM, if the rotation continues into Monday.

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