S&P Confirms Swing Down

The other day I talked about how the S&P 500 had not broken below its lows.  Today it did, confirming the down swing we have already seen from the Dow Jones Index.  Targets for the downswing are 6000 of the Dow and 600 for the S&P.  If even further confirmation is need the German DAX as the Aussie ASX both slipped below support below along with many other indexes.  Money flow indicators also slipped negative and RSI is still in a bearish range.

~Cory Mitchell