The good first:
The market seems to be holding the 200 DMA despite excessive bearishness and negative vibes surrounding the trade war with China and the special counsel investigation involving president Trump:
The bad:
Valuations are still in the stratosphere and market volatility is on the rise:
Chart courtesy Jill Mislinski via Advisor Perspectives
The ugly:
If the market where to break support here near the 200 DMA there is loads of downside ahead and parallels to earlier market melt downs are well worth watching:
Chart courtesy David Rosenberg:
Image from imdb.com
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