MARKET BREADTH NYSE
Net Advancing Issues -1,594
Net New Highs -345
Net Up Volume 884,207,144
TRENDS
*PRIMARY PROVISIONAL DOWNTREND | Directional wave | Prior support 11634-Broken | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior Support 11731-Broken | Resistance 13136
*SHORT TERM DOWNTREND | Directional wave | Prior Support 12076 - Broken | Resistance 12320
TECHNICAL ANALYSIS
Today's lower close does not give confirmation to yesterday's ODR and candlestick hammer signal but the higher intraday range does not close the door entirely to a potential correction rally in the near term. The 3 significant trends are declining and the indicators show strong momentum.
Net Advancing Issues -1,594
Net New Highs -345
Net Up Volume 884,207,144
TRENDS
*PRIMARY PROVISIONAL DOWNTREND | Directional wave | Prior support 11634-Broken | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior Support 11731-Broken | Resistance 13136
*SHORT TERM DOWNTREND | Directional wave | Prior Support 12076 - Broken | Resistance 12320
TECHNICAL ANALYSIS
Today's lower close does not give confirmation to yesterday's ODR and candlestick hammer signal but the higher intraday range does not close the door entirely to a potential correction rally in the near term. The 3 significant trends are declining and the indicators show strong momentum.
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