Sterne Agee's Carter Worth: Stock Market Correction Is Not Over

Is the recent market pullback a buying opportunity? Carter Worth, Sterne Agee's Chief Market Technician, doesn't think so. Today on CNBC's Futures Now, he backed up his call with some statistics.



Dvolatility Research agreed with him today.


In addition, SPY, the S&P 500 ETF, couldn't break above its 200 day moving average today (or at least as of 3:15pm). So there is still downside pressure in the market. It pierced through that level earlier today.

Source: StockCharts.com

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