Stock Indices Pause At Important Support

The Stock Indices opened lower today, but the breadth divergence at the open signaled the higher probability of some type of pause or rotation up. That is exactly what occurred. While it is difficult to determine today whether that rotation is complete or not, the internals did not strengthen sufficiently to suggest a greater degree rotational pattern. Be aware, the Indices are at very important support levels. Trading through today’s low will suggest a breakout lower. Failure to do so suggests the possibility of much lower prices


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