Showing posts with label EMA. Show all posts
Showing posts with label EMA. Show all posts

Wednesday, September 21, 2011

Did you miss these sell signals?

1. On Friday the CCI broke above +100 (I believe I mentioned this as being on my radar)
2. The upper EMA envelope lines met (or crossed) - sell signal
3. The MFI projected top time was achieved (top, bottom, projected top)

Maybe you have others you would like to share.

Her is a SPX chart showing these signals and a projection of the downside:

With 3 signals (that I have found to be fairly reliable) occurring together there should have been little doubt as to the market direction.  GL traders - do your own research and share.