Stock Indices Pause In Countertrend Rotation To Friday’s Selloff

As discussed in Friday’s Briefing, the Indices did have a countertrend rotation up after the recent selloff. However, trading today was very weak in terms of the market internals. Therefore, it suggests, at this time, the decline may not yet be complete. Today’s Briefing outlines possible scenarios for tomorrow to determine whether the rotation up today is done or if there is more work to do before testing and trading through Friday’s low.

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