Pressure point: Where the market broke
John Kosar, Asbury Research, explains what was technically behind last week’s market selloff.
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The “top heavy” market that John Kosar warned could trigger some near term selling materialized as expected as the S&P 500 collapsed from 1966, the closing quote on the day John appeared on CNBC, by 145 points or 7% to a low of 1821 on October 15th.