Everything Is Fine… Until It’s Not

Market sentiment is shifting from bullish to bearish and fear is running high.

PRE-OPEN MARKET COMMENTS MONDAY - Last week the market closed below the 200-day MA for the first time in 10 months. The breach was significant and we closed well below that support. This is a bearish sign. When these major support levels are tested and the market pokes at them, it is a sign that buyers are still engaged and that it might hold.

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