For the rest of the charts I included both the simple and exponential 50 day averages, as it is important to figure out which one is being keyed off. It appears the Nasdaq hit resistance at the simple average, and came back pretty hard. Volume dropped here too, but it is a bit disconcerting that CMF is dropping faster here.
The Dow seems to be ignoring the averages, as neither seems to be providing support or resitance. It dows seem to have som serious resistance at 10920, today's high.
After a bullish setup, oil reversed and had a mini crash. It did manage a move up through the 200dma, but is having trouble making any headway, has a descending 50dma to contend with, and has headwinds from a (relatively) strong dollar and weak demand to contend with.
The week began with euphoria over the ECB bailout, and may well end with the realizaion it's not going tp work.
I will have the new highs update shortly.