The countertrend rotation discussed in last night’s Briefing completed today, followed by taking out Friday’s low. Breadth diverged, signaling an exhaustion move on the part of buyers who stepped in and drove price back up. The question now is whether the rally off today’s low is the beginning of a greater degree time and price countertrend move, or if there is more downside work to do. From the hourly exhaustion move, I suspect we will see more upside tomorrow. How that develops will be very important.