SPX, COMPQ, INDU, NYA: All Diagonals Go to Heaven

Since last update, the market has continued floundering around like an electrocuted mackerel, trending sideways down, but unable to bounce.  Let's start off with INDU, which has broken down from an apparent double-top:

NYA also suggests that prices would normally be expected to run lower still.  The diagonal I suggested back in November (when it was still forming) ended up being the real deal:

COMPQ is below its major uptrend line:

COMPQ has exceeded its targets, but if NYA and INDU run lower, COMPQ will too:

And the SPX diagonal I called out right before the top has also ended up being real, despite failing to overthrow its upper trend line:

In conclusion, one would think we'd get a bounce somewhere in here, but both COMPQ and SPX are still within their crash channels -- and as I noted a week ago, the "first step for bulls" is to break out of that.  Bigger picture, NYA and INDU both suggest that even if we bounce, the decline is probably not over, with lower prices likely to follow any bounces.  Trade safe.