Wednesday, October 1, 2014

Markets Are Breaking Down

The transports have broken through a year long trend line with a decreasing MACD.  There is also the increase in volume on the sell-off.  
The Microcaps have broken through support and are moving lower, printing stronger bars on increasing volume.  Also note the increasing volatility.
The Russell 2000s are approaching long-term support.  Today's sell-off was on increasing volume with increasing volatility.