Open Door

The orange line marks the 52-week low in ZB. It doesn't have to break for a bear move, but a break would be more bearish for the market than a rally because a rally would signal the long-end of the bond market finally pricing in lower interest rates. It's possible stocks and bonds drop and rise together, but my expectations is bonds will lead a move higher. If bonds rally now, then stocks probably bottom in a month or so. If bonds drop now, then the final low in stocks is probably lower and closer to or into November. That is a general sense, not a hard forecast.

Technicals say bounce from oversold indicators and bearish sentiment. ES shouldn't clear 4020 and SPY $400. A move above could result in a ripping short squeeze.

If the markest break, there are bearish targets galore. These are only the few I've posted recently or noticed as I'm going through charts this AM...

Wayfair Again

Wayfair is ready to go into the abyss right now. Waiting on the broader market. Many retailers look terrible.

Screen Part Four

I can only put 20 tabs on a single post...reimnder that these are stocks that are down 10 percent and have experienced a surge in volume. That isn't a guarantee of continuation, but I've found that big winners and losers come when pattern and volume combine. Many of these have yet to break though...