Stock Market Time to Go All-in. Short, That Is
Stock-Markets / Stock Market 2017 Oct 19, 2017 - 03:38 PM GMTSPX has challenged short-term support at 2548.77 and bounced off the Diagonal trendline at 2548.00.
A decline beneath 2548.00 is a confirmed sell.
NDX has declined beneath Short-term support at 6060.67, but hasn’t yet declined beneath the trendline at 6030.00. This gives us an aggressive sell.
VIX has risen above the 50-day Moving Average, giving us a confirmed sell signal…
The Hi-Lo Index has probed to a morning low of 12.00, giving us a sell signal which is confirmed by a close beneath the 50-day at 99.16.
The NASDAQ Hi-Lo has gone negative, offering a confirmation of the sell signal in NDX.
These indicators suggest we may be “all in” short, provided the indicators remain in place. We will monitor the indexes later in the day for progress.
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.
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