Afernoon Update
8 of 11 sectors are down. Technology (+2.1%) is best, led by Semis (SOX +5.5%). Internals are mixed with Decliners having a roughly ~30 issues lead over Advancers, meaning we won’t have 1-day oversold internals. That aligns with the idea laid out in the last post that that averages consolidate bearishly (fleshing out bear flags)…
