Sellers Dominate, Averages In Play

spx_weekly

Our seller-dominated market continued to drive declines across the broader market.

We expect to see the S&P 500 and Dow 30 undercut their 20-day moving averages.

The Nasdaq and Russell 2000 are already below these marks.

We’re also watching to see if seller volume dries up on the decline.

No Distribution days were made on any of the major indexes Wednesday.

Weekly analysis will be more revealing.

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