Fear Enters The Market. Important Short-Term Support Broken

Based on fear of an increased Mid-East conflict, sellers took control of the Indices today. Volume exploded and breadth fell off. It was interesting the Indices opened today and tested important resistance and then in the afternoon sold off significantly. While there is a divergence in breadth at the close, that could be eliminated at tomorrow’s open. If not, expect some type of pause or rotation to correct the selloff today. The first hour of trading tomorrow will be very important.

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