Engulfs and Breaks

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Wednesday was quite a day! So many indexes had reached their highest levels in human history, but then – – – as the kids say – – things went sideways. I wanted to share with you a few charts illustrating the reversals, and as always, click on a chart to see a much larger version.

slopechart COMPQ
NASDAQ Composite – bearish engulfing pattern
slopechart INDU
Dow Industrials – bearish engulfing pattern and trend break
slopechart OEX
S&P 100 – bearish engulfing pattern
slopechart RUT
Russell 2000 small caps uptrend threatened
slopechart SPX
S&P 500 uptrend broken