Guy S. Ortmann, CMT | Mar 20, 2018 10:39AM ET
All of the indexes closed lower Monday with broadly negative breadth on the NYSE and NASDAQ as volumes dropped from the prior session. Some damage was seen on the charts as the large cap indexes broke below their respective near term support levels. The data is largely neutral with some improvement in one of the psychology data points. Yet in spite of yesterday’s declines, we are inclined to keep our near term outlook “neutral” as there is some reason to expect some degree of a counter move from yesterday’s weakness.
Large-Cap Indexes Break Support
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