If you look at the Accumulation/Distribution line it has always been strong...It was even strong during the decline last year from .075 to .014....This can be very misguiding ...It is a very useful took for the long term trend but if one had been using this as an indicator for the tops over the past few years it would not have helped. As for the MACD, it was the first indicator to turn down weeks ago to signal that we were preparing for a selloff. I pointed it out at the time and said I hoped it would be a head fake as it was the time before and turn up immediately....but it did not. It still remains in a downtrend. In the past five declines the 50 day ma was a beacon of support two of those five times....it hovered around it for a few weeks/months before setting the stage for the next move up...But in three of those five declines the 50 day moving average was broken and provided resistance on the move down. I still contend that this week will indicate whether the 50 day ends up being support or resistance.
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