Bear keeps its grip


The Bear keeps its grip on things as another day of heavy distribution leaves its mark on the chart. Just as important as buying and selling is doing nothing!

We won’t change our bearish bias until we see high volume come in as a sign of institutional support for the Bull.

We’re also watching Technology leadership, which has cooled in the last couple of weeks. Any heavy selling there will be another sign of deterioration in the overall picture.

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