A major round distribution for the Nasdaq, and a less intensive one for the S&P 500, means we’re not confident for the upside potential of this market.
We don’t lower our bias to Sell unless we see another day of it.
Not much more needs to be said here. Institutions spoke for themselves today. No amount of market opinion molded by naive journalists (mostly naive that is) will change our opinion.
Keep it simple, keep it profitable.