Stock Indices Make A Lower Low on Diverging Internals Signaling Rotation

As discussed in last night’s Briefing, the Indices did make a lower low today but market breadth gave a clear signal of strengthening that resulted in a rotation back up. The oversold condition resolved. This enables the Market to go in either direction tomorrow. Important will be the support and resistance areas discussed in tonight’s Briefing. If there are lower prices tomorrow, watch for continued internal divergences.

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