Naz - Hit with an Ugly Stick

Poor economic news walloped the market at the end of the week.

The market showed promise early in the week backtesting the neckline at 2600.  Bad ISM & Employment numbers triggered a sharp selloff.  Bear market rules for the RSI are in effect with 50 acting as a roof.

The poor showing at week's end left the market with an ugly looking black candlestick, with a long tail off the 2600 neckline identified above.  The indicators are in oversold territory but show no signs of reversing.  The Naz has some support at 2340.  A break of 2340 measures down to 2100.