Russell 2000 gives a good indication of the plight for the markets. I don't like the stranded slow stochastic in neutral territory; it suggests there is plenty of downside room before it turns oversold. How will late November lows hold as support?
With Monday's reversal we now have new necklines to consider as resistance:
Watch how the bullish divergence in money flow plays out:
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website