MCP Market Update: August 5th, 2024 – Flush lower

Last week, equities broke support and flushed sharply lower in what is expected to be a wave (c) or (iii) decline. The broad based decline and risk-off environment saw the Nasdaq, NYFANG and SPX continue to decline impulsively through equality support. The Russell pushed to marginal new highs before reversing sharply lower late in the […]

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