Stock Indices Recover From Previous Day Selloff

The divergence in market breadth discussed in last night’s Briefing had more influence over today’s trading than anticipated in yesterday’s Briefing. Instead of a lower low and diverging breadth today, the Market started climbing from the open. While volume was lower and breadth not that strong, price traded through resistance and closed near the highs of the day. This suggests the current uptrend is still intact, unless or until lower support levels are broken.

Leave a Reply

Your email address will not be published.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