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Commentary Topic from greenfaucet

The Quant View: Heading Towards Major Support

As I write this today (Monday, June 22), the market is quite weak on a very broad basis, with only the Utilities sector in positive territory. Last week, virtually every style/cap component of the market was down about 3%. Mid-cap did the worst (down 3.6%) and large-cap growth did the best, but everything was down more than 2%. As the market continues its meandering path toward major support, is a tradable bounce in our near future?