As you will see in the Briefing, important support levels were tested in today’s trading. While those levels held, there were also divergences in the market internals, suggesting the Markets is strengthening somewhat. However, that can change tomorrow, but it is important to recognize where support and resistance levels are and understand what the internals are doing as those levels are tested. The Markets are still driven by news events and oil prices. Therefore, while support held today, any news that comes out, can result if another round of selling to test even lower support.
