On 9/3/20, like a herd of elephants the big fund managers started moving money out of the markets, particularly tech stocks. By 9/11/20 the NASDAQ and SP500 lost ~10% and ~7% respectively. These indexes are now trading close to their 50 day moving averages.
So long as the 50 day line holds, the upward trend is still your friend, but with a brief pause. My indicator suggest that this is likely the case. The NASDAQ is behaving normally, but the SP500 is showing an unusual decline in buying. This isn’t a good sign. My sell rules have were triggered so I have more cash on hand, an am cautiously looking for bargains.
Quant For The Masses 