[isatrader]

The big question is does the US market take out its Aug lows or do we bounce from here? MACD is curling up, but not confirmed short term buy yet. Would love to see the DOW hit new lows like the FTSE.

I don't think the 30 DOW stocks are representative of the US market, which is why I show the NYSE, Nasdaq and more specific indexes within them like the S&P 500, Mid cap and small caps - as covers 5000 or so US stocks including the Dow stocks.

The large caps might still be testing the august lows, but the majority of the US indexes are below it already, as can be seen on the previous post above.

Looks like we are getting a recovery bounce beginning, but none of the breadth charts I follow have given any short term buy signals yet. So is very weak so far.