I have been posting this chart for the last week, because it was really warning that something was not right with the markets, the Transports were not making those new highs as the Dow was, and under the Dow Theory, this meant "Non-Confirmation" and is bearish. Today the Transports broke down and did make a new low and could now be in a 3rd wave down. Monday is going to be extremely important for the markets, as any follow-thru could be huge to the downside.
Breadth for the day closed at 5.10:1, decliners. At these high levels this is very bearish, and a little icing on the cake is that Down Volume accounted for 87.24% of the total Volume. A 90% down day is extremely bearish, so the bullish do have a little wiggle room here, but not much. Technicals were VERY damaging to the uptrend today!!!