*it should be noted, the hourly up channel has already been broken on the Rus'2000 index, which interestingly was also the one index that closed red yesterday. Is the R2K the leading warning again?
sp'60min
sp'daily5
Summary
We're seeing a rollover on the daily MACD cycle, as I've been touting since the start of this week.
However, it is opex...we're more than likely to get a bounce by late morning.
Lets be clear, we could still close higher, the algo-bots have been in a powerful melt-up mode this past few days. There has also been some kooky action by the bots in stocks like MCD, IBM, and KO.
More later