Two weeks ago, I broke from my own rules and decided to comment on the technicals of the three major indices. PLEASE READ THAT POST HERE. The market has been getting pretty close to the bearish levels I mentioned then and the last few days have been pretty ugly. In fact, since last Wednesday the market action has been filled with big declines like last Friday and more importantly, failed rallies that declined about 100 points on the Dow and 20 points on the S&P 500 from noon to the close. And yet, I am a bit surprised that it has done so poorly before window dressing prior to the end of the month, quarter and mid-year periods. So while I am changing nothing about my technical analysis of the indices from 2 weeks ago, I am still waiting for a few more negative closes beneath the levels I mentioned.