Failed Breakouts in the Works?

1:47 p.m. ET SP-500 -0.3%, Dow +0.55%, NASDAQ-100 -1.9%, Small Caps -0.3% Yesterday I wrote, “An ideal short sale set-up would be for the averages to breakout of their bullish consolidations while HYG and other market signals severely diverge the other way, indicating a high probability of a false/failed breakout which are generally followed by…