Last night I looked at 3-day pullbacks a number of ways in relation to current market conditions. I thought blog readers might find the following interesting.

I noted that SPX closed lower by greater than 1% for the 3rd day in a row on Thursday. In the past, that has often been followed by gains the next day. But times where is wasn’t…well, take a look at the chart below.

Good chance we bounce in the next few days. Some chance things get a whole lot worse.

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