Last week we say a big sell-off. First - and as always -- Corey at Afraid to Trade has some great analysis. In addition, consider the following charts:
A.) Prices moved through three key support areas in two days. They did so on high and increasing volume.
B.) There are still two short-term support areas below prices.
Note the strength of the candles -- the bodies are long (as in a few points). This indicates prices dropped throughout the day.
A.) Prices have moved through the EMAs quickly -- prices are now below the 10, 20 and 50 day EMA.
A.) Momentum has been decreasing for months.
I'll post on the other averages throughout the day.