SP500 has still not taken a new high and the DOW is far down to even try. My feeling is that the selling could start at any time. The main reason is that the daily 21 MA is down and below the falling 34 MA. I expect a drop down to 21 MA. I cannot tell if it comes today or in the first day of March. It is a very difficult situation but my bet is downside within eight trading days from now for the SP500 and the DOW. I am following the sideways game with rallies and dips carefully. It is not much to write about so far but this is my basic bet now.
Added 11:12. There is also a possibility to get a close at 847.88 next Friday February 28. Which then will become a monthly double top.
Added 11:12. There is also a possibility to get a close at 847.88 next Friday February 28. Which then will become a monthly double top.
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