Here’s a quick look at some of the major US stock indices from a longer-term perspective, all of which except the Nasdaq 100, have recently broken below their primary bull market uptrend lines. Some of the large-cap indices, such as the $OEX & $SPX, have rallied up to close just below those key resistance levels today (i.e.- backtesting) while the small & mid-caps ($RUT & $MID) remain comfortable below their respective bull market trendlines at this time. As mentioned earlier today, all major US stock indices remain on intermediate-term sell signals as per the 20/50-day EMA pair although the $NDX is very close to Golden Cross, should that tech heavy index print a solid positive close for another day or so (it is always best to use the closing values of whatever period the signal is based off of, e.g.- daily close for daily charts, 60 minute candlestick close for hourly charts, etc..). Even then, I never put too much stock into any one single indicator triggering a buy or sell signal, preferring to see multiple buy or sell indicators or chart patterns triggering (or at least aligned in close proximity).