Despite the decent drop in the markets today, nothing has changed in the longer-term technical outlook. The first chart below is the last set of 5 minute charts on the broad market tracking ETFs that I had posted within the trading room on Friday. Those sell signals that were triggered on Friday continued to play out into today after the long 3-day holiday weekend & will likely continue to play out this week although anything goes as this abbreviated trading week is historically marked by low volume.
Tuesday Market Wrap
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