Stock Indices Surge Higher But Caution Is Still Warranted

The Stock Indices surged higher today, breaking out of a consolidation discussed in yesterday’s Briefing. Volume increased, along with breadth. Closing at the high of the day suggests higher prices tomorrow, except for the fact the Market is extremely overbought. There is still a chance the rally today is still part of an upward countertrend rally but that is quickly fading.

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