S&P 500 Daily Chart2 weeks of correction and still no sign of stabilization. Based on the daily S&P 500 chart, for it to go up further, it must build a base at current value. I believe that it should rebound at the beginning of the week to 1050 and then come back down.
For the rest of the sectors, no serious sign of massive selling yet:
| USA | Monthly | Weekly | Daily |
| S&P500 | Up | Up | Neutral |
| DJI | Up | Up | Neutral |
| NasdaqComp | Up | Up | Neutral |
| DJ Transport | Up | Up | Neutral |
| DJ Utility | Up | Neutral (-) | Neutral |
| Russell 2000 | Up | Up | Neutral |
| AMEX Airline | Up | Up | Neutral (-) |
| AMEX Biotech | Up | Up | Neutral |
| AMEX Gold Bugs | Up | Up | Neutral |
| AMEX Natural Gas | Up | Up | Neutral |
| AMEX Oil | Up | Up | Neutral |
| AMEX Security Broker | Up | Up | Neutral |
| AMEX Telco | Up | Up | Neutral |
| KBW Bank | Up | Up | Neutral |
| KBW Insurance | Up | Up | Neutral |
| PHLX Housing | Up | Neutral (-) | Neutral |
| PHLX Semiconductor | Up | Up | Neutral |
| S&P Retail | Up | Up | Neutral |
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