
The Dow Bullish Percents have breached their 5-day EMA (bearish), but remain in deep oversold territory.

More worrying is a similar breach of the 5-day EMA for the S&P Bullish Percents, but unlike the Dow, the crossover occurred away from oversold levels. Watch for the S&P to lead a break to the downside and through January lows.

Both Nasdaq and NYSE McClellan Oscillators finished in positive territory which is bullish (just!).