The Nasdaq has breached its 50 day moving average and not so surprisingly many of its major components have followed. The Dow, S&P and Russell are still well above their respective 50-day's, but all are starting to take a turn lower toward their own 50-day lines. There is one notable exception, Bitcoin, which not only is well above its 50-day, but is moving away from it. In the weekend update I emphasized that this would be an important week and with two and one-half days to go, it is becoming even more so.
