A gap down through the SELL Signal level at 2571 for a look at 2557 and a strong bounce.
No follow through above that level and so the market drifts lower into the close.
Most of the selling was pre-market and/or at the open.
This is in-line with expectations following the recent projected important high and we now find the market below the mid-channel and just below the current Sell Signal level.
The oscillators continue to show weakness in momentum and breadth and the T volume oscillator is at a level that the previous strong bounce occurred at.
An echo high is scheduled for today and so IF we get a bounce from this level, which seems quite likely, we should expect some strong selling into it, perhaps at one of the declining resistance lines, as traders that didn't get out of positions early enough lock in those prices.
Be prepared for whatever is coming next, and trade with confidence:
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