Market Indices

After looking dodgy mid month, many of the indices broke their trendlines and backtested.  Today they experienced some nasty looking bearish engulfing sticks.

 The mid-caps broke and backtested the trendline.  Volume exploded with today's bearish engulfing candlestick.  There's possible support at 96.4, otherwise the 200 day ema at 91 might have to do.

 The Russell 2000 also broke and backtested.  Volume was about the same as yesterday's upmove.  The indicators are a little mixed here.  If last weeks low breaks, the 200 day is next up.

The Transports have a chance at the trendline, however, the indicators are all heading south.