RedlionTrader

For a few days now we have been watching this sell signal develop with the crossing intraday reversed three days in a row.  Last Friday the close was not strong enough to reverse the damage and a crossing of our indicator was confirmed.

Two days below the cyan line is an even stronger sell signal.  Weakness is creeping in and the ability of the bulls to continue to save the market is taking its toll here.

To keep updated on all our indicators and what we are trading real-time follow me on twitter at http://twitter.com/redliontrader, or my partner Tom at http://twitter.com/tomandprisha.