This is not the time to be buying. I'm looking for a confirmation of some solid buying before I step in long. If we continue to see lower prices I will consider many short opportunities I'm setting up.
|A sideways moving transports is printing lower lows. This could be trouble for the markets. Watch the 50ma level to hold. If not this could be a rollover which would NOT be good for the rest of the market.|
|Right on support with a big volume down day. Next stop the 200ma if we see more downside.|
|Broke through support, looking very weak after consecutive lower highs and big selling vol. Not the place to be.|
|Resting on support. Trading in tandem with the fib retracement scale. The selling vol and lower highs suggest this downward move could be just getting started.|
|Closing right on lower support. Lower highs and big selling volume could mean more downside for the small caps.|