Stocks dawdled at or just above the previous all-time highs, but couldn't convincingly
push through with a strong move. As a result, things began to deteriorate. Now, 2070 has some significance. If $SPX breaks down below 2070, a more bearish scenario should unfold.
Equity-only put-call ratios are still on buy signals. Both have "wiggles" curling
upwards after Thursday's big down day, but they remain on buy signals.
Market breadth has been somewhat weak of late, and that has[...]