is at Resistance established since the beginning of 2014 and is overbought. The MACD
Histogram is declining, the Russell has been languishing, and the QQQ
and the Dow are at Resistance as well. Even if the SPX
only goes to the 100EMA like it did in April
, we are still looking at 75 point drop to 1856. Finally, for now, yesterday closed with a right proper Hanging Man
Something to keep an eye on!