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The NASDAQ which led the market up is now showing warning signs of leading the market on the way down. The RSI and MACD have been losing steam as the market went higher. This showed that the upward momentum was likely slowing. And momentum changes usually come first and then trend changes follow, many times. Additionally, the index has now broken its green uptrend line too. Therefore, we're likely to see the NASDAQ head down towards its 200-day moving average next. However, if the bear market has begun, it may not stop there. It could blow through that moving average and keep going. https://s3-us-west-2.amazonaws.com/maven-user-photos/0afb7f0d-ae00-417b-8cb9-a81e45c47dfb