Not sure if this sell off has much more downside. Markets, in the short term, have corrected. We aren’t stupid overbought at this point, and many names under the surface have corrected in healthy uptrends. Take a look at quality names like COST. It has pulled back ~5% and now looks to be forming a base here in a strong, longer term uptrend. Apple has corrected about 8% from its all time highs in a few short days. Meanwhile, while the market has struggled during that time, there hasn’t been the flash crash / sharp sell off that bears have been looking for. Also, many names are looking to put in a hammer on the daily charts. Financials and small caps are also showing strong positive divergence.

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