Intraday weakness set in again and we closed near the lows of the day. Retail and defensive stocks led today while technology, oil and metals lagged.  We are slowly oozing down and out of the recent consolidating zone.  Looking at the action, we may be setup for a gap down open and and we may not be done going down until the double top talk shows up.  In addition, VIX is still showing complacency even with today’s drop.  There are a lot of bullish studies for the April option expiration period and I am thinking it may exert itself in the later part of the week?
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