Postcards from the ledge, post-Bradley as stocks falter

Here are a few "postcards from the ledge" of what may be a "B" wave top in equities that completed on Wednesday, with yesterday having been the Bradley model "turn date" that had stock markets gyrating. While the S&P 500 didn't break under yesterday's 1074.31 intraday low, some other sectors and indices did. I'm not even posting the biotech sector ($BTK), last month's darling which today actually moved under its early October lows. Today, last week's darling the semiconductors (SMH), and the NYSE ($NYA) and Transports ($TRAN), poked under yesterday's low. So - is it confirmed bearish? Well, these seem more along the way at least! There was an interesting potential wedge down at end of day that could be interpreted to provide a boost upward. Conversely, if we're really moving along the C wave down, there's potential for a gap down 3rd wave) on Monday. The market likes to keep some secrets going into the close. So we'll allow for some ambiguity.

But I made the point recently here that to know when the B wave is done, we'll start seeing sectors and indices turning down. That means these charts below may be the precursor of what's to come.