📈 Sell Signals...

Here's what I'm looking at

State of the Market

The market has been very difficult to trade since mid-March.

We’ve seen a pretty significant shift in the market and have had a lot of turbulence relating to economic policy concerns and global political events.

Sell Signals

For those of you who are part of the Alpha Chasers community, you are familiar with the private clouds that I often look at.

We are getting warning signals on this indicator that should give you pause on initiating longs and attempting to go long on breakouts. The biggest sell signal on an index that we are seeing is the RTY. This is because small caps are most sensitive to interest rate changes.

Another indicator that I often use for longer term signals is the Ichimoku Cloud. We are getting warning signs on the indexes from it as well.

S&P Futures are at a critical level on the Ichimoku Cloud (see below).

You are going to want to watch the levels I have marked off because if we break them we will likely flip to red on the cloud and we will have broken below the cloud on the 4hr chart for the first time in a long time.

Watch this clip where I dive deeper into the sell signals that I am monitoring: