The Market was doing well in the morning but at about 10 am MT it went into a spiraling selloff. After the fact, the media told us why. Great to know, now I can sleep better. But later on the market started recovering the loss. The market lost -1.34% intraday. It recovered a bit and ended losing 0.46% for the day. The good thing is, we closed above 2800. That is promising. But don’t be too optimistic.
The more I look at the chart, the more it resembles a Topping pattern: