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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 688.93+0.5%Jan 22 4:00 PM EST
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To: Winfastorlose who wrote (123763)5/1/2019 6:57:26 PM
From: GROUND ZERO™1 Recommendation

Recommended By
SGJ

   of 222226
 
Closing on the low for all the indices??? Beyond that, the upside momentum has completely evaporated and the bias has turned downward over the past few market days... also, the downside momentum for the more near term cycles have also overextended to the downside for the first time in a long time, this is incipient weakness that appears as another caution flag for me... as well, the SP has triggered and traded down through four key price points for my model, this is not typically a good sign near term... trading down through only two of them in one day is enough to get more follow through, but four of them is extraordinary...

So, there's at least an arguable chance we may well see more selling this week...

GZ
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