Equal-weighted SPX and DJIA’s break of Jan lows could help market selloff show some capitulation

Markets arguably are growing closer to tradable lows in this orderly and concentrated decline. I continue to view this selloff as a cyclical correction within an ongoing secular bull market that should resume its upward ascent after bottoming in March. At present, trends are down, and it will take time to be able to form attractive setups and achieve some base-building following this recent damage. Tuesday’s breach of Janua...

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