Alert Condition: Take a Careful Look at this SP500 Chart
Today's updated chart shows the percentage of S&P 500 stocks with a 20 day C-RSI at a positive or negative level.
When you look at the chart, note that it made a lower/high, and then started moving lower.
Here is the important thing right now ... If this 20 day C-RSI percentage now continues to fall and goes below the 33.4% level made on December 16th. (Marker 185 on this chart.), then that would confirm a down trend, and the market would follow accordingly.