
The Nasdaq is working on clearing the 2,020 resistance level (changed from the previously listed 2,010; 2,020 is more accurate). As with the S&P there is the bearish MACD divergence and heavily overbought stochastics to work from:

Sentiment held to bearish form for both Nasdaq and NYSE:


It's only a matter of time before weak sentiment catches up with the averages.
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.