There still may be more "dramatic" selling ahead for the stock market, top technician Ralph Acampora told.
He's looking to see if the lows of the last week or so hold.
"If we start taking out those lows, I think you are going to start seeing some dramatic declines across the board," the director of technical research at Altaira Capital Partners said.
Acampora, known as the "godfather of technical analysis," thinks there could be another sell-off of about 10 percent.
Acampora said there is a lot of uncertainty weighing on the market, like the remarks by White House economic advisor Larry Kudlow that China has not responded positively to any of the U.S. "asks" in trade talks.
"I'm concerned about the failure to make new highs and the failure to hold the rallies. If there's one thing the market doesn't like it's failed rallies," he said.
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