In this week’s video, Mike Cintolo talks about the latest selloff, which carried over from last week and accelerated after the Fed’s hawkishness; the intermediate-term trend, which had been stubbornly up, is beginning to crack. Mike still advises keeping your eyes open--yes, this could be the start of a new downleg, though to this point, many potential leaders are still holding support, and he’s keeping them on his watch list in case the buyers step up in the days ahead. Even so, Mike’s remaining defensive and patient here while spending most of his time on his watch list.
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