The McClellen Oscillator still has plenty of room to run to the downside before starting to show any bullish signs!!
Goldman Sachs went into a major sell-off after I posted the GS chart earlier this morning. I can not imagine GS not dragging the whole market down before the close. Financials led the market higher, and most likely will lead it lower!!
At mid-day, The Advancers are only leading the market by 2:1 over decliners, that is very weak breadth for this rally!!______________________________________________________
I can not imagine a sustainable rally going foward without Goldman Sachs on board!!