
Large caps saw increased weakness with technical 'sells' in MACD, On-Balance-Volume and the ADX.

The building weakness has turned into something more than just a pullback of an advance, but instead looks like a developing retest of November lows. Short term technicals are oversold, so if the next bounce stalls out at the 20-day/50-day MAs then the retest is confirmed.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website