Pressure point: Where the market broke

John Kosar, Asbury Research, explains what was technically behind last week’s market selloff.

Click the image below to view the video.

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.

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