Following Friday's session, most of our indicators turned negative.
Don't forget we need two consecutive closes in negative territory for a trend reversal signal.
Our Sigma Trend Index reached a new low at -11.
Our breath indicator is slightly lower, but we need 2 consecutive closes in order to flash a trend reversal signal.
The turnover index gave a fresh sell signal on Friday.
And the summation 21 too. On top of that, we can notice that the summation 21 made lower high and lower low since mid January, signalling an importance negative divergence with prices.
We remain focus on the breath index and our the Sigma Trend index because they were the most accurate in telling us: "the uptrend is weak but still alive". We want a trend reversal signal in those indexes.
Have a nice day,