Markets once again demonstrated classic bearish characteristics Wednesday, as the day started out brightly and finished dimly. The Nasdaq closed below the big round 3000 number for the second consecutive day, but did find 40 week support, although it looks tenuous. The S&P 500 is less than 1% away from its own big round number of 1400. Although we know breakouts rarely work in this type of environment, today two legitimate ones were recorded. LL took out a 54.10 flat Read the Rest…

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