The two indices I am keeping my eye on are the NYSE and Russell 2000.
The Russell 2000 tested the 200-day MA in what could turn out to be a nice handle if it finds this key moving average as support. The downside is the position of stochastics in no-mans-land; suggesting further losses likely.
The NYSE lost last week's 3-days worth of gains and is once again under pressure. I have marked the last band of support before dropping into the abyss (which only a bear trap could save). Stochastics are no longer oversold and approaching resistance; another opportunity to see this swing lower.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website