Russia Rolls In, Stocks Roll Over

Looking at the S&P 500 and gold.

Technical Edge

• NYSE Breadth: 73% Downside Volume

• NASDAQ Breadth: 78% Downside Volume

Just two days ago, we discussed the possibility of a sub-4000 trade on the S&P. Specifically, the discussion centered around being in an “ABC” correction and failing to hold the January low near 4212 could “put the 3,980 area in play.”

With this morning’s selloff, we’re abo…