It's back to watching the breadth indicators and waiting for a bottom in them before turning eyes back to the indices. The Summation Indices give the best indication of a bottom and these are clearly heading downwards:
Lets see what Thursday has in store for us: Futures off so look for a gap down at the open.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website