Today's Markets

On the weekly chart notice that prices are in a clear pattern of lower lows and lower highs. This indicates we're in a bear market. Also note:

-- Prices are below all the weekly SMAs

-- The shorter SMAs are below the longer SMAs

-- All the SMAs are moving lower

This is as bearish as you can get.



On the daily chart, notice the following:

-- Prices are below all the SMAa

-- The shorter SMAs are below the longer SMAs

-- All the SMAs are moving lower

Both charts are extremely bearish.