![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLusEfwPYVz8R6APNtOYdVFqwKvrkIwj-ZVke7nodlvzlj08IPXnyD9endm8jghoReGtdc4Yb_YSSCVFptG-Wnegv9qVB4vC9nIhzWVvf4QNn460NvkqK6_C7BydnOWeneqgXsCgIuYvOQ/s320/count0128.png)
We finally had a sell off today that broke the trend convincingly and the market closed exactly -1% away from yesterday's trend average, so chances are high that a multi-week correction has started as the trend turned bearish today. However, we do need another close below the trend to confirm and break last week's low of 1271. A close above 1288 will reverse the bearish trend. I had been wondering what the catalyst for the sell of would be for weeks and who would have thought it would be Egypt??
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