

The DJIA was down over 200 points today and the S&P declined over 28 points. Looking at the Ichimoku charts, you can see that both indices started the day right near the resistance level at the Kijun (pink) line. From there it was a down day with a last minute push even further down. The Bears are firmly in charge here, and I think we're at the start of a real pullback - especially if we don't rebound tomorrow. Confirmation of that will come when we get a Kijun over Tenkan showing - when the pink line overtakes the blue.

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