Stock Indices Pause Short-Term And Offer Good Trade Location

The Stock Indices are in, what appears to be, a pause or countertrend rotation. The internals suggest on a short-term basis it is a pause and the rotation gives us the possibility of good trade location………in the short-term. However, a break below support will open up a possible test of yesterday’s low. If that occurs, it is likely that low will be traded through and that will open up the possibility of another leg lower.

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