Watching today's $NDX weakness...

Remember that we had the mathematical event of two major nodes overlapping on the 28th of December. That did not mean the top of the market had to be on that day (although sometimes that will happen), only that an internal condition for market psychology should turn on that date. We are still very much in the shadow of that event, and a major decline could start at any time. It was slightly unnerving to see the market rally somewhat after that date, and of course, the market can do anything it wants, but on probabilities, two nodes and a slight trendline breach are pretty strong bearish warnings for the $NDX. I am also seeing a fair amount of negative divergences in most indexes. So still, we are waiting for confirmation that the bear has returned...