Stock Indices Hit Important Support. Internals Confirm The Move

The Stock Indices today paused for most of the day in a downward slope, testing important support. Some of the oversold condition was alleviated. However, it is possible for the pause to continue on Monday. Breaking the support levels discussed in the Briefing could cause an acceleration to the downside. It appears the bearish price pattern I have been discussing is in the process of developing, but support must be broken impulsively and not retested.

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