No Capitulation yet, and Technology has broken down given AAPL woes

Monday’s downside follow-through undercut areas that are thought important for early this week.  QQQ also broke an intermediate-term uptrend, while Technology looks to have violated support vs. SPX.  None of these are considered positive at a time when SPX had been attempting to stabilize. Overall, our recent selloff has proven far more orderly and concentrated than desired for investors seeking evidence of capitulation. While th...

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