Stock Indices Break Lower As Anticipated

While the Stock Indices broke lower today after the Fed announcement, if the bear is beginning to show himself, it will be important for them to hold below what is now important resistance and not close above it. The Indices closed at their lows today, suggesting follow-through tomorrow. However, it is often the Market will make a move in one direction or the other after the Fed announcement and then retrace the entire move the next day. Therefore, tomorrow will be extremely important if the Market is beginning to weaken significantly.

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