Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Now all the indexes are down for the week. The S&P 500 bounced off the first touch of 50 day moving average here which is no surprise. Obviously a ton of weakness and this will be yet another distribution day (along with another on NASDAQ yesterday). I believe that is now 7 distribution days (NASDAQ) in just over three weeks.
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