Clear and heavy selling Wednesday sent price action on the major indexes back below its 200-day moving averages.
That's two days of Distribution in a row. As the 50-day averages now serve as support we'll wait to see how they hold before changing our current bias of Buyer's Caution.
Stay tuned,
Dan
thegrowthstockreport.com
Disclosure: Short DECK, TEX
Holding Our Bias
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