The prices/indexes are still within the upward sloping channel. However,
Looking at the daily 5-minute chart, we've got some issues.
-- First, prices broke a two day upward-sloping trendline.
-- Prices are now hugging the 200 minute SMA.
-- Prices also look like they are forming a bear market flag pattern
Also remember we're moving forward to Friday's job report which is not looking good.
