Click for a larger image
Prices dropped below key levels today -- levels established last Thursday.
Also note the following:
-- All the SMAs are moving lower
-- The shorter SMAs are before longer SMAs
-- Prices are below all the SMAs
Click for a larger image
Notice the following on the daily chart:
-- Prices are below all the SMAs
-- All the SMAs are moving lower
-- The shorter SMAs are below the longer SMAs
Also note the extremely important downward bar today; prices took a major move lower.
