You see the double top with a small double bottom in between and Friday close below that small bottom. This could be the beginning of a drop down to the bottom of the chart. If NAS should choose the upside that small bottom is the R point. If that is not taken the down trend will start. Observe that this is daily closes, not what happens intraday. If you click the picture you will see the blue 8 day MA turning down before crossing the 50 day MA. These two MA's are moving down close to each other and is the intraday R at 2.655. The small R bottom is at 2.639. Since the 21 day MA is up there is a possibility for an intraday rally.
With a complete Death Cross and a falling 200 MA and today's close taken together it seems likely that the bear market will continue soon.
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