The promising look to the market in the last few months, specifically, Stage 1, appears to be heading in the opposite direction. Almost all the indicators are about to turn red.
Here is a look at a couple of charts.
Indicators 1 - 3 - 30 Week Moving Averages
All are approaching their 30 week moving average lines.
The Dow Chart
The S&P Chart
Indicator 5: NYSE A-D 200 Day MA
NYSE Advance-Decline’s 200 days moving average to see if it is above (bull) or below (bear). We could be about to go into bear territory.
Be wary. October is coming up and sometimes it is a rough month!
