Today's market is very bearish. Nasadq had big gap down and once lost 61pts at the opening. It bounced off from the intermediate uptrend line and 50 daily MA.It closed below it daily 20EMA and closed right at its daily 20MA, with 37pts loss. $SPX broke below its daily 20EMA and closed slightly above its daily 20EMA, with 23 pts loss. $NASI,$NYSI and $Bpcompq issued new sell signal today.
The mechanical major top and bottom system is closed to issue a new sell signal, but not yet. The Super trend trading system is still at buy signal.
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