US stock markets fall to session lows

After the big short-squeeze and relief rally yesterday, the bears are using it as an opportunity to exit positions. It’s a disappointing result and comes despite a lower CPI report.

The S&P 500 is now down 3.4% and the Nasdaq Comp down 4.2%.

I’d note that the SPX above is testing the 38.2% retracement from Tuesday’s low.

This article was written by Adam Button at www.forexlive.com.