The Nasdaq 100 will be of interest next week with converged resistance from the 2007/08 reaction low and former rising support now in play. The bearish divergence in the MACD histogram is also a concern.
A similar MACD bearish divergence is at play in the S&P; is there a resistance break to close the week?

Sentiment was unchanged with all key indicators overbought but this situation has continued since July => not much help.
So when will the next down-leg begin? Look to the Nasdaq 100 for leads...
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.