Stock Indices May Be Completing A Countertrend Rotation

The Stock Indices appear to have completed a longer-term countertrend rotation. Volume is collapsing suggesting buyers are running out of steam. What would suggest this is not the case is trading higher than today’s close and volume beginning to increase. Tomorrow could be a very important day in determining whether we are going back to the highs or another rotation down is in the offing. On any higher high, watch volume carefully.

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