March Madness is here, but where’s the capitulation?

Markets are growing closer to tradable lows in this orderly and concentrated decline. I continue to view this selloff as a cyclical correction within an ongoing secular bull market that should resume its upward ascent after bottoming in March. At present, trends are down, and it will take time to be able to form attractive setups and achieve some base-building following this recent damage. Tuesday’s breach of January lows by Equal...

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