Making sense of the market's risk reversal

Mid-week market update: So much for the S&P 500 testing the 200 dma and falling trend line resistance. The index reached its resistance zones late last week and pulled back to test a key support level.

What's puzzling is the lack of a fundamental driver for the market weakness. While I have been cautious, this kind of market action even surprised me.

The full post can be found here.