
Russell 2000 (2004 reaction lows)

and Nasdaq 100 (2006 reaction lows)

Breadth indicators reversed to their first down week in eight weeks; see Nasdaq Bullish Percents:

Percentage of Stocks above the 50-day MA

Or the Summation Index:

The same was true for S&P breadth. All-in-all we have a clear weekly 'sell' signal
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.