When the SPX500 daily chart shows divergence, and the market breadth index is in an overbought or oversold condition, these are key trading opportunities. Currently, we see that the market breadth index has entered the overbought zone. Once the SPX500 daily RSI shows a divergence signal, it will be time to short. There may be a period of consolidation, so we need to wait.
You can see the general decline over the year on the 100 Day Averages, despite the bullishness of the market indices.
This is a chart of various Moving Averages for NYSE(MM), QQQ(ND), & SPY(S5). TW = 20D MA FI = 50D MA OH = 100D MA I drew trend lines for the 3 different 100D TLs that all signal a general downtrend. Next year is gonna be wild.