Watch for Stock Market Sell Signals :: The Market Oracle :: Financial …
Watch for Stock Market Sell Signals
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Stock Markets 2014May 10, 2014 – 10:54 AM GMT
SPX reversed back down beneath Short-term resistance at 1876.23. The balance of all the supports are just beneath this morning’s low at 1867.02. The Ending Diagonal Trendline is at 1865.00. Either the supports or the trendline may be used as the “sell signal.” Take your pick.
VIX has reversed up without making a new low. It is quite a distance away from its “buy signal.” The 50-day Moving Average at 14.36 or the prior high at 14.49 would both serve as the SPX sell signal.
The NYSE Hi-Lo has made its sell signal by declining beneath its prior low at 120. It should be checked after the close, but unless a fierce rally is attempted before the close, it should remain in its current position.
Regards,
Tony
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Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.
Anthony M. Cherniawski
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Watch for Stock Market Sell Signals :: The Market Oracle :: Financial …
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