Coolhand's Market Analysis

Originally Posted by coolhand

The bears broke through support today and price closed well under the 50 dma on both charts.




We can also see that price closed off the lows of the day. That may not mean much in the context of a bearish NAAIM reading. Momentum accelerated to the downside. Volume was up. I was asked if a switch has been flipped. I was not ready to embrace that notion the way I did over a year ago, but yields are now

...