The Market signal for the bearish view is still in a downward trend lower even with the rally we had to ATH a week ago.. I would caution those who is on this site on a regular basis to watch for this signal for possible PRICE ACCELERATION if it enters Oversold condition. You are the lucky ones...
Take a look when that happened.. 2008, 2011, 2014. It is fast moving and much more devastating if signal does not cross back up above the OS territory. 2011, 2014 was a good case where the bulls got saved by the turn around out of OS. The time has come for this chart to be relevant again.
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