
The picture is not so clear for Large cap indices. The S&P and Dow have been rebuffed by the 50-day MA and with the 200-day MA and 50-day MA converging there will come a point when something has to give.


Small caps are under the most stress as the Death Cross between the 50-day and 200-day MAs looks to pressure the index and send it lower:

The Trade Ideas scan was still sluggish with a "Top-8" pick list covering 34 minutes and a "20-appearance" list in 3 hours and 32 minutes. Breaks of the 50-day MA won't last long with intraday buying like this.
Fallond