Well the 89 sdma was clearly breached and there is more to come....

Well the 89 sdma was clearly breached and there is more to come. Two charts the DJI and the NYSE Tick (breadth) with the ten day moving average and 14 dRSI. As you can see the last bar on the tick chart is far from healthy and as is typical on the tick chart we have no divergence in the RSI. Not the time to be entering at the moment.

I am amazed at the number of traders who are trying to catch falling knives ... this game is about risk management and capital preservation.