Stocks Enter the 'Black Hole'

The S&P 500 has entered a zone where there is little support or resistance, while sentiment has turned bearish quickly

Just as quickly as the market rallied to resistance, it is in a beeline to very important support. Like many important price lows, they are frequently tested at least once. Sentiment has rapidly moved to the cautious side, with some indicators showing extreme bearishness. With that in mind for the near term, we are expecting the market to successfully test the recent lows.

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