Wednesday, September 10, 2014
Right now, the sell signal is a short term one since it is made based on daily data. Should the market decline on this signal, I would next be looking for a three week test of the high. Should that fail, we would be starting a major move down.
With this in mind, the market may try to stage a rally at the close. Always have to be wary of the close as major volume enters the market in the final minute or so.