We will get the third “distribution day” in a row. For all you IBD readers…..
And if you count January 27th, that makes 4 so IBD should got to “uptrend under pressure” I don’t subscribe to it any more but they could even go to “Market in correction” depending on how they work. I think it is 4-5 distribution days in a 4-5 week period = “market in correction.” Of course Tiny Tim and Benny B will just call up the plunge protection team on the red phone and give them another few billion to buy, buy, buy. Time will tell. The tape will tell. Stay tuned to this station.