On a weekly look it's actually more alarming, we closed a teensy tiny bit over the weekly 21ema this level has held for about 14 months now. 

See how the weekly MACD is curling aggressively downard? That is BAD. The last time we had this level of weakness my account was much smaller and frankly all I was watching was US Steel which was showing relative strength the whole time / fit what I thought I knew given my M&A experience. Right now it's tough to be confidently long much.