Sell Signal From the Summation21
Our summation 21 index gave a sell signal on the 9th of February: blue line crossing down the red line
At the same time the Sigma Trend Index continues to decline (red line), telling us the current uptrend is weakening day after day:
Our turnover index remains in buy mode but it looks like he already topped 2 days ago. If it continues to decline, it could give a sell signal as early as today (or on Monday):
It is also interesting to have a look at the Bull/Bear sentiment released on Thursday by the American Association Individual Investors. The current bull/bear spread is reaching euphoria level, telling us a major top is not far from today.
Have a nice day,