Largest two-day decline since 2020 brings SPX to monthly trendline support

Note: There will be no video tonight due to travel commitments.

Two back-to-back “Open gap” down days certainly fail to bring much confidence and represent the largest consecutive two-day decline since 3/12/20. While sentiment, oversold conditions, and multiple signs of possible support look to be present with Equal-weighted SPX and stocks like NVDA down to important levels, it’s hard to have much confidence without evidence of some immediate stabilization.  Technically speaking, mul...

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