A flurry of selling into the close generated an Intermediate Term Sell Signal on the Dow, triggering the purchase of bearish ETF's and/or the SPY Nov $240 Puts. The Dow was the last of the major indices to reverse Short, following Nasdaq and SPX which went Short last week. The SPX chart below is one nasty looking chart, suggesting we are finally on the cusp of a respectable decline in stocks. Stay tuned.
