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Bearish Trendline Breaks on the Major Indices (by SB)

By -

Each candle on the charts below represents a period of three
days. The current candle closed today (Wednesday). I wanted to look at
this timeframe on the assumption that the two-day rally (which began on Monday
this week) was simply a pre-election dead-cat bounce, and to see how much lower
today's close was compared to Friday's close. Here are the figures for each of
the Major Indices.

S&P 100 Index

  • Friday's close = 646.88
  • Today's close = 636.27
  • Today's close dropped 10.61 points from Friday's close

Dow 30
Index

  • Friday's close = 13093.16
  • Today's close = 12932.73
  • Today's close dropped 160.43 points from Friday's close

S&P
500 Index

  • Friday's close = 1414.20
  • Today's close = 1394.53
  • Today's close dropped 19.67 points from Friday's close

Nasdaq 100
Index

  • Friday's close = 2656.28
  • Today's close = 2612.69
  • Today's close dropped 43.59 points from Friday's close

Russell
2000 Index

  • Friday's close = 814.37
  • Today's close = 804.52
  • Today's close dropped 9.85 points from Friday's close

Dow
Utilities Index

  • Friday's close = 469.78
  • Today's close = 452.30
  • Today's close dropped 17.48 points from Friday's close

Dow
Transportation Index

  • Friday's close = 5110.17
  • Today's close = 5103.52
  • Today's close dropped 6.65 points from Friday's close

(more…)