So much for healthy basing out action. Market plummeted hard! Many blaming this to algorithm driven sell on stocks and buying strong bonds. Regardless of the reason , price ultimately pays.
SPY back to middle of the range. if 270 breaks , there is a possibility we test the lows or lower. Small cap index IWM remains worrisome. It was a laggard during general market bounce and now almost back at the lows.
Unless there are some solid positive news about China trade war, market remains vulnerable.
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