Steep selloffs often take at least three days to wash out the panic sellers.
A new wave of volatility returned to financial markets with a vengeance last week, disrupting a nearly uninterrupted climb to records for U.S. stock indexes. Given those substantive declines and the three-day Labor Day weekend, like other technical analysts, we see the risk of a further downdraft.
Follow our stock signals in mobile app and be one step ahead on financial markets.