U.S. Market
The U.S. market was shifted to and Uptrend Under Pressure from Confirmed Uptrend. The S&P 500 and the Nasdaq fell 2.4% and 2.5% for the week after dropping ~3% on Friday. Both indices breached their 21-DMA for the first time since the beginning of September. It was the largest down day for the indices in six months. Support is now the rising 50-DMA (6,530, 21,948), which is ~1% below. The distribution day count stands at one and five, respectively.
