A little break in the recent rising trend (in the S&P anyway, but below 50-EMA in S-fund). Is the open gap finally going to be addressed?
This added midday sell-off has to do with Boeing, which is a major Dow component, but obviously not as big of a factor in the small caps or S&P for that matter, so it may be overdone this morning. Still investors are using it for an opportunity to sell, and technicians may be hoping it's a chance to get that gap filled. But they may want to be quick because news like this can be fleeting on the downside.
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