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the market does not signal clearly when a cliff
experience is ahead. It is a bit like death.
markets are fully or near full valuation they tend to react more to bad
news. No particular world event necessarily has a greater tendency to
influence a move...
other option is that the market could capitulate – or rather investors
could. That is, we could see it go over a cliff. Unlikely for now.
small but vital yellow shading indicates that there was more than an
orderly profit taking – there was an element of running scared by some..
the market gets to the daily pullback range it thinks before the next
move and if the outlook is a little bearish it will continue south...