Today was pretty damn ugly and I'm not sure what is driving the current downward movement. What is important to note though is that the Small Cap and International Index both fired warning number 1 today by breaking down through the CBL. The S&P500 only missed firing a warning by 2 points, so do not think it is totally safe.
Warning 2 for the Small Cap is very tight and could easily fire tomorrow because there is just another 2 points to go before it falls through that level. The International is also close and only needs another .50 cents to fire.
There will be no movement from me tomorrow, so I might as well just buckle up for the ride and look at it again over the weekend.
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