Technical Correction? Here's Why That May Be Bad News for Stocks
- Eagerness to play washout means further losses, RenMac says
- Options trading shows bottom process just started: Strategas
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As tempting as it may be to chase the bounce, investors should resist the urge, warned some of Wall Street’s most widely followed analysts who use price charts to predict the stock market’s direction.
From options trading to breadth, indications of panic that usually exhaust sellers have been largely missing during this month’s sell-off. That’s a sign to Chris Verrone, head of technical analysis at Strategas Research Partners, that the worst is yet to come.