In my last daytime post, I thought the market needed to "Do (i.e. rise) or Consolidate"…the way it acted into the close, I should have written "Do or Die". That was ugly. The Russell broke down hard at the uptrend line, instead of bouncing higher. For the near term, expect a consolidation. We’ll have to re-asess after some more support lines are hit.
DeMark stikes again.
