One thing I hadn't quoted yesterday was the MACD trigger 'buy' in the Russell 2000 - the current market leader
But there was one worrying sign in the semiconductor index; a shooting star reversal at former channel support turned resistance. A CCI 'sell' trigger adds to the probability for a larger downward move
One significant positive was the net bullish supporting technicals in the Percentage of Nasdaq stocks above the 50-day MA:
Can other breadth indicators follow suit? Might see a little weakness on expiration Friday.
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.