Short-Term Support Is Broken But Indices Recover

At the open today, short-term support levels were broken. However, as the day progressed, the market recovered nicely, although closing lower for the day. There was a slight divergence in Breadth but nothing significant. Today’s high and low will provide initial support and resistance that can develop into an intermediate-term move to test intermediate-term support and resistance.

Leave a Reply

Your email address will not be published.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