When a Bull market tops and sets back, and the subsequent rally that goes back up (again, over 3%) and falls short of reaching the previous high and then penetrates the recent lows on the next decline as measured by both the Industrial and Transportation Averages, a SELL Signal is generated indicating a Bear market.
Idea: We are +3.5% on the SPY since last monthly options expiration. Next week is the next monthly options expiration. Most agree that we the bull is strong, but there is a lot of toppy charts and sector rotation going on. Most likely scenario for the next week is choppiness around the current price. Here is my current SPX chart: I have some nice support at...