The week that wasn’t

+ $ivan

Bad breadth finally killed the patient this holiday shortened week.  We wrote in our Weekend Update last Friday that 1) the Demark indicators on $SPY $QQQ had signaled price exhaustion up, a sell signal 2) market breadth was unbelievably narrow (with new lows increasingly growing) and 3) a quicker Fed taper was looking more likely.  However, seasonality…