8 Jul 2015 - Breaking Bad

Looks like the market is breaking just as we sit on the 200 Day MA.  Prices have closed below this MA and is looking bearish with the addition of the ST turning down.  Seems very volatile, but readers know that we expected this already.  I did however thought that we would get a corrective rally, but I guess yesterday was enough to reset things before another push lower.

We have not made LL in price, but the intra-day signal is at OS, so there is high risk of a lower low.  Remember that I am bearish due to our market signals, so I am not going to risk a counter trend trade to the upside as gaps and accelerations to the downside can leave one with a big hole in the pocket.

MT: DOWN
ST: DOWN
PA: DOWN

With the market breaking, I would assume there will be nervousness around especially from all the articles that are coming out of the woodworks not even a few minutes of the market being halted.