The slide continues

IWM, Russell 2000 index ETF, has sliced through it's 200 EMA on high volume.

DIA, Dow index ETF, still has not made it to it's 200 EMA.

QQQQ, NASDAQ 100 index ETF, is sitting right on it's 200 EMA.

SPY, S&P index ETF, has not made it to it's 200 EMA(green), but is sure heading that way.

Bottom line: The index ETF's along with foreign index ETF's are still moving down with no indication of bottom anytime soon. A bounce will happen sometime, it's like pulling a rubber band to far, eventually it will snap back. When it does bounce back(and it will) then we can set up some shorts on the test of resistance.