Today's weakness in stocks may be making proponents of Elliott Wave Theory more bearish, Bloomberg's Vincent Cignarella tells the blog. The cash index ended the session at 2,409.75. Further closes below the 2,410 minor-wave support could open a path toward 2,200, which would be a correction of more than 10% from the last record close on June 19.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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