Following Monday's session, our Sigma Trend Index closed for the second time in negative territory, giving us a confirmed sell signal.
The breadth index closed for the first time in negative territory, so we need one more close in negative territory to get a confirmed sell signal from this indicator.
The turnover index continues to deteriorate, confirming its Friday's sell signal. You can notice we are not far from negative territory (left scale).
The turnover index continues to deteriorate too.
Conclusion:
Based on our Sigma Trend Index, we've got the first signs of a trend reversal.
Have a nice day
