The Nasdaq shows the sharp advance in long term stochastics as the index toys with weekly support around 1,759.
Small Caps weakest with long term support gone; it's now looking at late 2008 reaction lows for demand from buyers
However, Market Breadth is in no doubt - markets are in a clear 'Sell' environment
But at least Bullish Percents are approaching a relief 'Buy' signal
Stick with the trend - the trend been down.
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.