With the blue line being broken and now a "lower high" (red down arrow), the market is charging lower to these yellow support zones. However, these may not be as strong this time around with that lower high in place, and market participants looking for a potential "lower low". If the lower yellow box breaks...look out below! https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/fundamentals/IOSU6hIfr0e_ddd3b0bprg/pKu74JXO6ECKYaYzKxfMSw
Click on the chart to enlarge it.
With its third big drop in a row, the S&P is near its 200 day SMA, and both the Dow and NASDAQ are at or below theirs. As these drop, all our metals are moving up nicely, as well as some of our overseas positions. Bravo, Sean!