Here is our trusty SPX weekly bar chart, embedded with Blue Wave's Trend Model, Precision MA, Advanced GET's Elliott Wave Count, and BW's Precision CCI:
Note how prices closed today just barely short of triggering the Sell stop indicated on the chart. Also, the CCI is just now creeping into Sell territory.
Below, let's add the False Bar Stochastic, which is already in Sell mode:
The Red Circle on the BW Moving Average, now in about it's third weekly bar, appears at the point in the MA where it has turned from Up to Down. The Light Blue Circle, appearing in mid-March, designated the move from Down to Up. Note how both those circles were tradable in past weeks.
What else happened about three weeks ago?
Yep, Market Club's Weekly Triangles issued a Sell Signal.
Add all of this together and you can see why about three months ago I wrote here that my intent was to get SHORT well before the Weekly Blue Wave Signal was triggered. With that signal imminent, needless to say that all of the above tools have helped to enter the market on the short side well before the formal and now almost anti-climatic, Blue Wave Weekly Sell Signal.
What comes next?
A quick shopping trip to Trader Joe's, then back here to read your Comments and catch up on my Blogosphere reading.