The Market Trend Model (http://bitly.com/M_Trend_Model) moved to a negative bias on Thursday just one week after markets ripped higher when Janet Yellen and the Federal Open Market Committee indicated U.S. ZIRP (zero interest rate policy) will continue. At least for this week it would appear the easy money policies of central banks around the world is beginning to become less relevant than the slowing global economy.
In a complete reversal of fortune the market indexes gave back all of the prior week's gains and produced the dreaded "railroad tracks" (http://ow.ly/KV6o9) chart pattern on the weekly time frame. Especially negative price action occurred in the Nasdaq-100 (http://scharts.co/1vdeZ8l) as this index reversed course with weekly volume expanding.
The financial markets have shown that anything can happen at any time, but at the moment the major stock market indexes appear ready to fall down the rabbit hole as economic realities are poised to overshadow central bank monetary manipulations.