The ever elusive follow through day day failed to arrive. Buyers may surprise us here over the next few days but the fact that the S&P 500 was turned back at its falling 20-day average must be sobering to the bulls.
A couple of days ago it looked as if the October lows would fail. Now we have to wonder if a retest and perhaps a failure of those lows remains in the picture.
Time will certainly tell.
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