Broadening top, the bears keep the bulls in check as they bring the price down to the flat line in spite of the bulls attempts to take the price up with higher highs. At the end the bears manage to break the flat line on volume and the following rally up to the flat line fails again on volume. The market action in general is very poor with expanding volume on the sell offs, today's sell off on 2.8 billion shares is a testament to that. I am expecting the bulls to put up a fight at 1427, the lows of 8/6, but I suspect that eventually we will head lower and visit the March lows.
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