Some selling that has a lot of similarities in reason to the one we saw back on 1/28. So far the dip buyers have put some capital to work to keep the selling from getting out of hand, but some damage has been done to the intraday trendlines that were in play. However on the daily, this sell-off won’t raise many eye-brows, unless we see some follow through in the coming days. 

Here’s My Chart Analysis on the S&P.

 

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