To continue the downtrend, what's left is Nasdaq. SPX and RUT both has clearly broken March rally channels downwards. Nasdaq is a leader and a laggard both. Once it joins the downtrend, it will lead the downtrend.
Watching VIX, eur/usd, /DX to make sure we are not moving away from downtrend. VIX closed above a very important TL. Watching if it stays that way at friday close.
FAZ's volume was very good today, more than its 3 months average volume. I was worried when FAZ's volume will be greater than its average and it did it today.
JPY became carry trade today. That tells me people smell fear. If fear grows, we are definitely in P3 and I expect to go below 666 then.
Updated: DJI has not broken march rally channel too.
