Stock Indices Continue to Pause At Important Support

The Briefing outlines the longer-term development of the Stock Indices that are potentially completing a three-step countertrend rotation. Market internals are weak and not strengthening. Unless or until the internals strengthen, the risk is still to the downside. However, looking at the longer-term, there is a possibility we could see a test of the recent highs to complete a rotational pattern. Tuesday’s trading could prove to be extremely important in terms of price development and structure for the intermediate term.

Leave a Reply

Your email address will not be published. Required fields are marked *