FYI: After falling just short of a higher high on Monday, the S&P 500 fell over 1% today to close below yesterday’s low. As we pointed out yesterday, the index still had some work to do on the upside before breaking its various downtrends and is going to have to wait at least another day before that happens. While all is certainly not lost, today’s action is not the type of action that instills optimism on the part of bulls.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-lower-high/
