Greetings from San Francisco! The San Francisco Money Show kicked off today, and the weather wasn’t the only thing that was a bit hazy as the crowd was also mirroring the confusion of the markets. Tuesday’s 30-point drop in the S&P 500 went right through the last breakout point at 1534, and then stopped at the major breakout point at 1510. Today’s additional plunge broke the 1495 support level and closed below it, bringing the big breakout level at 1440 in sight. There was a short-term trading buy signal about an hour before the close, and if the S&P 500...
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