Well folks, it is real trouble out there.

From 1/12, discussing whether bounce was "real" or not: "Conversely, if this is just an oversold move to head lower (quite a few big gaps this year), then NDX will not clear its YP and TLT could gap up above its YP. TLT YP is an especially big level; TLT is already above the 1HP, Q1P and JanP so if it clears the YP that will mean it is the only thing in a decent uptrend (excepting inverse ETFs)."

And that's how it played out, except TLT rallied above the YP during session and not a gap. NDX failed near its YP, along with QQQ weekly pivot, also mentioned yesterday; and TLT rallied and closed above its YP. So you have every stock index I am tracking below all pivots, except TLT which is now above all pivots.

NDX the market leader could have recovered its YP but didn't; and the last chance QQQ YP (lower than NDX due to 8/24 spike low) also failed today. SPY, NDX, QQQ and TLT charts below.