Market technician Dave Chojnacki of Street One Financial takes a look at Monday’s sell-off in the equities markets that came on very low volume, and speculates that investors may be waiting for Friday’s employment numbers to make their next moves.
The market opened the session to the downside on Monday, as geo-political news and news out of Washington over the weekend was weighing on investors’ minds. The selling was orderly, as volume was low.