NAS day now. The index got a new key reversal at close Monday. The third close below the falling 50 MA now at 2.680.34. The rising 8 MA at 2.660.56. Now trading 2.665.05, holding below the 200 MA.
SP500 day now. Third close below falling 50 day MA. A gap at 1.407.81 which must be closed, likely today. Rising 8 MA at 1.408.15 which will turn down Wednesday if this situation or worse is holding. If so the correction is over for SP500. Now trading 1.404.99. And finally a new key reversal at close Monday. Extremely close to trend change.
SP500 day now. Third close below falling 50 day MA. A gap at 1.407.81 which must be closed, likely today. Rising 8 MA at 1.408.15 which will turn down Wednesday if this situation or worse is holding. If so the correction is over for SP500. Now trading 1.404.99. And finally a new key reversal at close Monday. Extremely close to trend change.


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