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Making sense of the market's risk reversal

Mid-week market update: So much for the S&P 500 testing the 200 dma and falling trend line resistance. The index reached its resistance zones late last week and pulled back to test a key support level.

What's puzzling is the lack of a fundamental driver for the market weakness. While I have been cautious, this kind of market action even surprised me.
The full post can be found here.
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