The market sold off early Wednesday, but retraced almost all of the move down by the close of the day. It seemed too be a very controlled sell off as the volume wasn’t really that heavy for a down day. It followed the technicals fairly well all day. While I thought it would rally up in the morning and sell off into the close, it didn’t have the strength to start rallying until it sold off some more first.
(to watch video on youtube:
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