Last night I went over 100 most liquid S&P 500 stocks, it occurred to me that only a few are at resistance and bunch of them are at or closed to support areas. If this market has to break below it will be hard and fast, until then we are still in buy the dip mode or sideways slow motion mode.
1. $SPX bullish percent index status is Bear Alert, but the broader index $NYBP is still Bullish;
2. again $SPX 10 Day MA of Record High Percent Index is bearish while $NYHILO is still in the up move;
3. short term uptrend was broken yesterday at 865, but medium term trend still up but at critical support.