f the broad market can't find the strength to hold support at the current levels and rally firmly back above the above the 50-day and/or 20-day moving averages, a sharp round of selling could very well occur.
The stock market indices had a mixed session at the close, but it took a strong 5-wave advance from around noon to the end of the day -- where they closed near the afternoon highs going away -- to bring the indices back from sharp losses in the morning. The Dow still did not manage to get above the zero line.
Can there be any doubt that China is destined to become the world’s economic superpower? It has the size, the energy, the know-how, and it has the money.
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