The stock market indices had a tough volatile session. However, the day ended at the lows for the day near key support of the last three sessions. So tomorrow will be a key day to see whether it will hold key support or not. The day started out with a pop to the upside, and then a very sharp sell-off ensued. Just as sharp, they had a snapback to new highs, but the S&P 500 was unable to get through that level and indicated at that time that it could be seeing a negative divergence. Sure enough, the indices sold off sharply, particularly on Harry Reid’s comments regarding little progress that has been made among both the Democrats and Republicans in resolving the fiscal cliff. There was a sharp sell-off, which then rebounded to about a 50% retracement, but then rolled over into the close to end near the session lows going away. Read More on MPTrader