Rich Trend Trader's Blog

December 20, 2011

Potential SELL Signal After Market Action on 12/19/2011

Filed under: Trend Timing Model — Rich Trend Trader @ 3:10 am

The market action on 12/19/2012 has given an indicator of a potential SELL signal should the following happen: SML, MID, SPX all close down on the same day with at least one index closing value below today’s high. Alternatively, the market can move higher and still give a SELL signal if the trend indicator turns positive and subsequently negative prior to a trend service buy signal or valuation service up signal. Also, both the SML and MID must close above their respective 50-day simple moving average.

DISCLAIMER: https://richtrendtrader.wordpress.com/disclaimer-on-information-presented-in-this-blog

Blog at WordPress.com.