The NASDAQ 100 Index (^NDX) is in better shape than the other major indices. The Primary Indicator has not dropped below the green line and any turn up in the Indicator could give a higher low and, therefore, a buy signal.

The Secondary Indicator shows the second downward crossover of zero on July 31^st, which was the sell signal. There’s no need to focus on this indicator until/if the Primary Indicator crosses below the lower green line.

The weekly charts show the Primary Indicator is still above the positive green line and the Secondary Indicator has made no crossovers of zero. The NAS appears to be in good shape.