Aggressive Stock Market Sell Signals Abound :: The Market Oracle …
Aggressive Stock Market Sell Signals Abound
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Stock Markets 2014Mar 10, 2014 – 05:40 PM GMT
I just came back from juror orientation and will be on call the rest of this week. I will let you know when I get called later this week.
The NYHL broke down beneath its prior low and beneath mid-Cycle support at 194.91. This gives us a tentative sell signal, since we must see whether the signal remains at the close.
VIX has also given a SPX sell signal by rallying above its 50-day moving average at 14.54 and remaining above it at the retest. This is a good signal because it passed the retest. You can wait until it breaks above Intermediate-term resistance at 15.26 for even more confirmation.
SPX just broke beneath last week’s post rally lows, putting it on an aggressive sell signal. Short-term traders may take a position against the SPX. Those longer term traders may ease into their short positions with a partial position.
Regards,
Tony
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Aggressive Stock Market Sell Signals Abound :: The Market Oracle …
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