The stock market sold off sharply during the day although the closing tick index settled on a positive note, meaning that buyers stepped in at the bell. Our capitulation index jumped along with our fear/greed index, contributing to improve the rating of our risk model. The uncertainties surrounding a potential trade deal between the US and China may continue for months and it is fairly possible that over the next few months the market is going to trade in a range between boundaries that has to be built during the next trading sessions. Daily sentiment indicators measured in the option market settle at a neutral level. We would have expected that hedging activity would be more important taking into consideration the amplitude of the correction.