Given our positions or lack thereof, why should we complain? Because trading range markets are a pain - they can suck you in and then spit you out with a series of small losses. But that’s where we may be headed. Perhaps as we noted two weeks ago to subscribers, the bear was due for a rest and subsequent action has proven that to be correct. If this is just a waypoint in a bear market, then we’ll find out soon enough.

Volume was above average with most coming on the downside as breadth was decidedly negative. [You can spot Yahoo Finance’s math problem, right?]

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