Helene Meisler writes a daily technical analysis column and TheStreet Top Stocks. For more information, click here. Meisler spent more than a decade on the sell side as a market technician covering institutional accounts at various investment banks in New York City, including Cowen & Co. and Goldman Sachs. In addition she worked at Cargill in Minneapolis where she managed equity money for three years. She received her bachelor's degree in business from Pace University.
Based on one key indicator, it’s possible we see some more downside in the market this coming week and rally in early October.
The market has been following the script for losing momentum over the past week.
It's starting to shift, so let's look at the Investors Intelligence bulls and some other key indicators.
Breadth appeared healthy on Monday and the new lows on the New York Stock Exchange were encouraging -- we might even be up Tuesday -- but this chart is stubborn.
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