Markets recorded another roller coaster day, as they shrugged off early weakness, went positive, then bled into then close to finish near their lows. Again this is classic bearish action. The Nasdaq is now a hair from the definition of a correction, now 9.79% off its recent high. The S&P 500 had a weak outside day today, to close decisively below its 200 day SMA. I get the feeling many are waiting for the “flush” to capitulate, but I fear Read the Rest…

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