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Sell Signal From the Summation21

Our summation 21 index gave a sell signal on the 9th of February: blue line crossing down the red line

Summation 21

At the same time the Sigma Trend Index continues to decline (red line), telling us the current uptrend is weakening day after day:

Sigma Trading Oscillator

Our turnover index remains in buy mode but it looks like he already topped 2 days ago. If it continues to decline, it could give a sell signal as early as today (or on Monday):

Turnover Convergence Divergence

It is also interesting to have a look at the Bull/Bear sentiment released on Thursday by the American Association Individual Investors. The current bull/bear spread is reaching euphoria level, telling us a major top is not far from today.

Sell

Have a nice day,

 

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