19 Aug 2015 - Market Playing Chicken

I swear watching the SPX play with the 200 day moving average is like playing chicken.  Today though we have closed 2 pts. above the 200 day which is too close for comfort for the bulls.  With the ST turning down it is also a bad sign of things to come for the next few days, unless confirmed with a thrust down past the 200 and a distancing from it.  This would then be very, very bearish indeed.

MT: DOWN
ST: DOWN
PA: DOWN