Argus

•

Jun 10, 2026

Intermediate Term

Long Term

Summary

Tuesday's price action was interesting and, we believe, rare. The major indices gapped nicely higher at the open and added to their gains until about 9:50 a.m. The market then witnessed a vicious selloff in what looked like a second consecutive day with a failed rally. Intraday rallies that don't hold during a downtrend generally are very bearish and show that investors are selling any kind of strength.

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