10 SIGNS OF A REVERSAL

This is not a prediction it is just a list of things to look for as possible signs
before a market rolls over. Alone these are just possibilities but the
probabilities increase as more of the signs are in place.

1.

When the RSI goes over 70 on the daily chart for a stock index ETF,
and the price momentum slows, and the the price settles into a trading
range.
2.
A shooting star Doji candlestick.
3.
If the market opens higher but fails to go over the opening price
level for the entire trading day, this is a sign that buyers are rejecting
higher prices.
4.
The market opens below the previous days trading range and never
gets over the previous days low, that is an early sign of a new trading
range.
5.
The market starts to open higher but closes lower, that is a sign of
distribution.
6.
The average daily trading range increases and volatility starts to
grow.
7.
A huge volume day that gaps way up and then sells off into negative
territory on high volume.
8.
An index is far extended from all major moving averages.
9.
A major good news event is passed with little up movement, and
the market is out of catalysts.
10. When the majority is against you short selling the market.