The bears are making their intentions clear and they are doing so by ending the six-day party enjoyed by the bulls of late. Now investors are fretting once again, but the kind of fear that we saw a few weeks ago isn’t quite there yet – probably in large part to the fact that we are coming off of a historic election. However, if we have another sell-off or two in the coming days, we should see the panic set in once again.
Here’s the Nasdaq and S&P charts…