$NYAD, NYMO, NYSI & $RUT Sept 22, 2014

Obviously the $NYAD is really doing poorly and the relative strength of the $RUT vs $SPX is falling below its support,  nullifying what had been a potential base building process:

http://stockcharts.com/freecharts/gallery.html?%24RUT%3A%24SPX

The $NYAD seems to be heading down for support at 101,400. If that is the case, it implies some extended down side action for the R2K and to a lesser extent, the market as a whole (and the $SPX):

http://stockcharts.com/freecharts/gallery.html?%24NYAD

The NY McClellan Oscillator could be trying to make a short-term double bottom around -60; if it does so that point would connect with the Aug 1 low of -90 to create a rising trendline. If the NYMO stays above that potential uptrend line, it would pull up the Summation Index as well. If the A-D line continues to decline sharply, the NYMO will fall below the -60 level and pull down the Summation Index below the 0 line. The Summation Index measures the persistence of the A-D line in a particular direction. A rising SI almost always means the market is rising and is an especially good omen for the R2K.