* BullsPower at 7, BearsPower at 36. BearsPower keeps the upper hand. Bulls mounted an effort last week, but did not make it.
* 185 stocks with upward MoM (green dashed line). Back below 50%. Ongoing downswing
* The dW is at 4388. A test of the wW at 4208 could be next.
* Note that the number of spBuy signals stays low. It will ramp back up some day and that's when there will be new chances to take. We have to wait.
* ELC keeps going up from its recent deep low.
* Repellor line is at 4395.
* This is a dangerous setup that could lead to further declines.
* Bands are showing no signs of bottoming out.
* Daily MoM is going down and likely to fall back below zero. We need to wait for a next bottom in this indicator.
* Red trendline is getting tested as expected. Will it hold?