Market Pause Still Long Way From Buying Opportunity
Declan Fallon | Feb 23, 2017 12:03AM ET
Nothing really to add about yesterday. Markets took minor hits, but there was little intraday spread. The biggest spread was in the Russell 2000 which was underperforming heading into yesterday's session. It reversed most of Tuesday's gains, but it has some way to go before it begins challenging the breakout
The New Lows and Highs is in a secular bullish pattern, and it will take continued pressure in spike lows to generate a sustained sell off - none of which is happening here.
But markets are a long way from a buying opportunity too (below, NASDAQ Composite):.
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