The anatomy of a pullback, a trader's perspective

Mid-week market update: Everyone calm down. It's not the end of the world. A clear-headed approach is to analyze the roots of the pullback from the perspective of the positioning of different market participants. How each reacted, and what might come next.

 

First, U.S. equities were overvalued. It just needed a bearish catalyst.

 

Here's what happened next. 

The full post can be found here.