| Weekly Trend: | Down |
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| Daily Trend: | Down |
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| Daily Momentum: | ___ | Down |
Yet again, like so many times in the last 9-months, the market has failed to stay on a sustainable move higher. All trends reversed after todays stiff downside follow through. The market is stretched in the very short term but any low volume bounce from here can only be viewed as a selling opportunity. The Systematic PowerSetups have moved into defensive mode with stops tightened right up for any outstanding trades. It will take a week or so for Discretionary Setups to filter through but if our broader market analysis is correct then we should have several months of downside to come.
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