The past couple of weeks reflect the listless pattern of summer trading more than any strong inkling for a reversal but should this change it would be another warning to add to the confirmed bearish note in market breadth.
Look to the bullish wedge (and break of wedge resistance) on increased technical strength as a marker for change.
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.