S&P 500 index chart pattern
The following remarks were made in last week's post on the daily bar chart pattern of S&P 500: "The strong index volatility during the past two months is an indication of a transition from a bull to a bear market...The impending 'death cross' of the 50 day EMA below the 200 day EMA will technically confirm a bear market."
What had appeared inevitable has happened - despite a valiant effort by bulls. The 'death cross' of the 50 day EMA below the 200 day EMA (marked by light grey ellipse) has technically confirmed that the index has fallen into a bear market.
The index had dropped below the lower Bollinger Band to an intra-day low of 2583 on Mon. Dec 10 - only to bounce up and close 5 points higher than Friday's close, forming a 'reversal day' bar (lower low, higher close).
That triggered a brief pullback rally. The index touched an intra-day high of 2685 on Wed. Dec 12, but again faced resistance from the falling 20 day SMA (blue dotted line). Bears tightened their stranglehold. The index dropped to the lower Bollinger Band on Fri. Dec 14 before bouncing up to close just below 2600 - losing 1.25% on a weekly closing basis.
Daily technical indicators are looking bearish and showing downward momentum. MACD has crossed below its signal line in bearish zone. RSI is falling below its 50% level. Slow stochastic has bounced up weakly after receiving support from the edge of its oversold zone. Expect bears to continue their 'sell on rise' strategy.
The US economy appears to be in peak shape. So, why has the index slipped into a bear market? It is quite elementary (as Sherlock Holmes would often say). The stock market rises and falls in a cyclical fashion that often 'leads' the economic cycle by several months.
On longer term weekly chart (not shown), the index closed below its sliding 20 week and 50 week EMAs, but above its 200 week EMA in a long-term bull market. Weekly technical indicators are looking bearish. MACD is falling below its signal line in bearish zone. RSI is falling after facing resistance from its 50% level. Slow stochastic is poised to fall inside its oversold zone.
FTSE 100 index chart pattern
The daily bar chart pattern of FTSE 100 had touched a 2 years low of 6674 on Thu. Dec 6. A pullback rally followed. The index touched an intra-day high of 6908 on Thu. Dec 13, but faced strong resistance from its falling 20 day EMA.
Bears sold the rise. The index slipped down below 6850 to close with a weekly gain of 1%. All three EMAs are falling. FTSE is trading below them in a bear market.
The British PM won a trust vote in Parliament but is struggling to build consensus on her BrExit deal. The uncertainty is helping bears to tighten their grip on the chart.
Daily technical indicators are looking bearish. MACD is facing resistance from its falling signal line in bearish zone. RSI failed to move above its 50% level, and has turned down. Stochastic also failed to move above its 50% level. Some more correction is likely.
On longer term weekly chart (not shown), the index bounced up a bit but closed below its three weekly EMAs in long-term bear territory. Weekly technical indicators are looking bearish and oversold. MACD is falling below its signal line. RSI has received support from the edge its oversold zone. Stochastic is trying to emerge from its oversold zone.
S&P 500 index chart pattern
The following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "The next hurdle for bulls is the previous (Nov 7) index top of 2815. Bears can be expected to put up some resistance there - as they had done in Oct '18."
In a curtailed trading week, the index touched an intra-day high of 2800 on Mon. Dec 3. Bear resistance caused a drop to an intra-day low of 2773 before the index closed at 2790 (near its opening level) - forming a 'doji' candlestick pattern that some times mark a change of direction.
The next day, the index fell sharply below its three EMAs into bear territory. After the mid-week holiday (due to President Bush's funeral), bears attacked with renewed vigour. The index touched an intra-day low of 2621, but recovered substantially to close at 2696.
Bulls failed to drive home their advantage. The index touched an intra-day high of 2708 on Fri. Dec 7, but closed at 2633 - losing 127 points (4.6%) on a weekly closing basis.
The strong index volatility during the past two months is an indication of a transition from a bull to a bear market. (The volatility during Feb-Mar '18 was an advance warning of such a transition.) The impending 'death cross' of the 50 day EMA below the 200 day EMA will technically confirm a bear market.
Daily technical indicators are looking bearish and showing downward momentum. MACD is about to cross below its signal line in bearish zone. RSI is falling below its 50% level. Slow stochastic is falling towards its oversold zone.
All three indicators are showing positive divergences by touching higher bottoms - hinting at another pullback towards the 200 day EMA. Bears are likely to 'sell on rise' again.
On longer term weekly chart (not shown), the index closed below its sliding 20 week and 50 week EMAs, but above its 200 week EMA in a long-term bull market. Weekly technical indicators are looking bearish. MACD is falling below its signal line in bearish zone. RSI is falling after facing resistance from its 50% level. Slow stochastic is poised to fall inside its oversold zone.
FTSE 100 index chart pattern
The daily bar chart pattern of FTSE 100 touched an intra-day high of 7145 on Mon. Dec 3, but faced strong resistance from its sliding 50 day EMA. That was a trigger for bears to go on the offensive after two months of sideways consolidation (marked by blue 'rectangle').
A 'rectangle' is usually a continuation pattern. Since the index was falling when it entered the 'rectangle', the likely breakout was downwards. But a 'rectangle' tends to be unreliable, so one needs to wait for the eventual breakout before taking any buy/sell decision.
The downward breakout occurred on Thu. Dec 6. The index touched an intra-day 52 week low of 6674 before recovering to close above 6700. A pullback to the lower edge of the 'rectangle' followed on Fri. Dec 7. Bears promptly used the pullback to sell.
The index lost 202 points (2.9%) on a weekly closing basis, and is trading well below its three EMAs in a bear market.
Daily technical indicators are looking bearish. MACD is falling below its signal line in bearish zone. RSI has bounced up after receiving support from the edge of its oversold zone. Stochastic is trying to emerge from its oversold zone. More correction is likely.
On longer term weekly chart (not shown), the index touched a 2 year low and closed below its three weekly EMAs in long-term bear territory. Weekly technical indicators are in bearish zones, and showing downward momentum. MACD is falling below its signal line. RSI is about to fall inside its oversold zone. Stochastic has re-entered its oversold zone.
S&P 500 index chart pattern
The following remark was made in last week's post on the daily bar chart pattern of S&P 500: "...Friday's curtailed trading formed a 'gravestone doji' candlestick pattern, which can lead to a pullback towards the plummeting 20 day EMA."
The expected pullback turned into a sharp rally. The index closed above its three EMAs in bull territory on Fri. Nov 30. Bulls managed to prevent the 'death cross' (of the 50 day EMA below the 200 day EMA) for the time being.
The next hurdle for bulls is the previous (Nov 7) index top of 2815. Bears can be expected to put up some resistance there - as they had done in Oct '18.
Daily technical indicators are turning bullish. MACD is rising above its signal line in bearish zone. RSI has just crossed above its 50% level. Slow stochastic is rising towards its overbought zone. Some more near-term upside is likely.
On longer term weekly chart (not shown), the index closed just below its sliding 20 week EMA, but above its 50 week and 200 week EMAs in a long-term bull market. Weekly technical indicators are in bearish zones. MACD is falling below its signal line. RSI is facing resistance from its 50% level. Slow stochastic is falling below its 50% level.
FTSE 100 index chart pattern
The daily bar chart pattern of FTSE 100 consolidated sideways during the week, and continued to face resistance from its 20 day EMA. However, it appears to be forming a 'rounding bottom' reversal pattern.
Though the index closed below its three EMAs in bear territory, the probable acceptance of the BrExit deal by all parties concerned, plus the fact that US and China have agreed not to escalate their trade war have brought a sea change in market sentiments.
(At the time of writing this post, the index is trading almost 150 points higher, and has moved above its 20 day and 50 day EMAs.)
Daily technical indicators are looking bullish. MACD is rising above its signal line in bearish zone. RSI is above its 50% level. Stochastic has entered its overbought zone. Some near-term upside is likely.
On longer term weekly chart (not shown), the index closed below its three weekly EMAs in long-term bear territory. Weekly technical indicators are in bearish zones, but showing upward momentum. MACD has started rising below its signal line. RSI and Stochastic are rising towards their respective 50% levels.
S&P 500 index chart pattern
In a trading week shortened by Thanksgiving holiday, the daily bar chart pattern of S&P 500 conceded further ground to bears. The index lost more than 100 points (3.8%) on a weekly closing basis.
Though the index closed well below its three EMAs in bear territory, technical confirmation of a bear market ('death cross' of the 50 day EMA below the 200 day EMA) is still awaited.
Note that Friday's curtailed trading formed a 'gravestone doji' candlestick pattern, which can lead to a pullback towards the plummeting 20 day EMA.
Daily technical indicators are looking bearish. MACD is falling below its signal line in bearish zone. RSI is sliding down below its 50% level. Slow stochastic has dropped inside its oversold zone, and is showing negative divergence by touching a lower bottom. Expect some consolidation before the bears strike again.
On longer term weekly chart (not shown), the index closed below its 20 week and 50 week EMAs, but well above its 200 week EMA in a long-term bull market. Weekly technical indicators are in bearish zones and showing downward momentum. MACD is falling below its signal line. RSI and Stochastic are falling below their respective 50% levels.
FTSE 100 index chart pattern
The daily bar chart pattern of FTSE 100 faced strong resistance from its falling 20 day EMA, and continued its downward slide during the week. The index closed just above 6950, but lost 61 points (0.9%) on a weekly closing basis.
All three EMAs are falling and the index is trading below them in a bear market. The British Prime Minister's BrExit deal with the EU can face a tough passage through the House of Commons. Till then, the market sentiments may remain bearish. (At the time of writing this post, the index has recovered around 70 points.)
Daily technical indicators are looking bearish. MACD is entangled with its signal line and is moving sideways in bearish zone. RSI is below its 50% level. Stochastic has bounced up from the edge of its oversold zone. Some consolidation or correction is likely.
On longer term weekly chart (not shown), the index closed below its three weekly EMAs in long-term bear territory. Weekly technical indicators are in bearish zones. MACD is falling below its signal line. RSI is below its 50% level. Stochastic has entered its oversold zone.
S&P 500 index chart pattern
The daily bar chart pattern of S&P 500 shows how bears pounced on weakened bulls. The index dropped below its three EMAs into bear territory, and touched a low of 2671 on Thu. Nov 15 before bouncing up to close at 2736.
The index lost 1.6% on a weekly closing basis. Its repeated failures to regain bull territory may be a warning of a deeper correction. The falling 50 day EMA is only 20 points above the 200 day EMA. The 'death cross', which technically confirms a bear market, may follow soon.
Daily technical indicators are still giving conflicting signals. MACD has dropped to seek support from its rising signal line in bearish zone. RSI has fallen below its 50% level after crossing above it. Stochastic has dropped from its overbought zone and is just above its 50% level. Some more correction or consolidation is likely.
On longer term weekly chart (not shown), the index closed below its 20 week EMA but just above its 50 week EMA and well above its 200 week EMA in a long-term bull market. Weekly technical indicators have turned bearish. MACD is falling below its signal line in bullish zone, and is poised to enter bearish zone. RSI and Stochastic have dropped below their respective 50% levels.
FTSE 100 index chart pattern
The daily bar chart pattern of FTSE 100 consolidated sideways with a downward bias during the week. The index touched a low of 6969 on Fri. Nov 16, but bounced up to close at 7014 - losing 1.3% on a weekly closing basis.
All three EMAs are falling and the index is trading below them in a bear market. The British Prime Minister will try to convince business leaders today about the BrExit deal that she has worked out. (The index has risen about 25 points at the time of writing this post in anticipation of a favourable outcome.)
Daily technical indicators are looking bearish. MACD is moving sideways above its rising signal line in bearish zone. RSI is falling below its 50% level. Stochastic has dropped to the edge of its oversold zone. Some more correction or consolidation is possible.
On longer term weekly chart (not shown), the index closed well below its 20 week and 50 week EMAs and just below its 200 week EMA in long-term bear territory. Weekly technical indicators are in bearish zones. MACD is falling below its signal line. RSI is below its 50% level. Stochastic is hovering above the edge of its oversold zone.
S&P 500 index chart pattern
The daily bar chart pattern of S&P 500 climbed above its three EMAs back into bull territory on Wed. Nov 7. Bear selling dropped the index to seek support from its entangled 20 day and 200 day EMAs.
The index bounced up to close just above 2780 with a gain of 2.1% on a weekly closing basis. However, bearish hopes have been kept alive as the index closed below its 50 day EMA.
Daily technical indicators are giving conflicting signals. MACD is rising above its signal line in bearish zone. RSI is falling towards its 50% level after crossing above it. Stochastic is about to fall from its overbought zone. Expect some consolidation or correction.
On longer term weekly chart (not shown), the index closed just below its 20 week EMA but above its 50 week and 200 week EMAs in a long-term bull market. Weekly technical indicators are turning bullish. MACD is falling below its signal line in bullish zone, but its downward momentum has reduced. RSI is facing resistance from its 50% level. Stochastic has crossed above its 50% level.
FTSE 100 index chart pattern
The daily bar chart pattern of FTSE 100 consolidated sideways during the week as it oscillated about its 20 day EMA. The index managed to close just above its 20 day EMA, eking out a weekly gain of 11 points.
However, by closing below its 50 day and 200 day EMAs, the index remained in bear territory. BrExit tension appears to be hanging heavy over the market.
Daily technical indicators are looking slightly bearish. MACD is rising above its signal line in bearish zone, but its upward momentum is reducing. RSI faced resistance from its 50% level and has turned downwards. Stochastic tried to re-enter its overbought zone, but has dropped down. Some more consolidation or correction is likely.
On longer term weekly chart (not shown), the index closed below its 20 week and 50 week EMAs but above its 200 week EMA in long-term bull territory. Weekly technical indicators are in bearish zones. MACD is falling below its signal line bit its downward momentum has reduced. RSI and Stochastic have emerged from their respective oversold zones, but are not showing much upward momentum.
S&P 500 index chart pattern
The following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "RSI and Slow stochastic are showing positive divergences by not falling lower with the index. A likely technical bounce may face more selling by bears."
The expected technical bounce took the index briefly above the Fibonacci support/resistance zone between 2689 and 2737 (shaded area on chart) when the index closed at 2740 on Thu. Nov 1.
On Fri. Nov 2, the index touched an intra-day high of 2756, but faced resistance from its falling 20 day EMA and dropped back inside the support/resistance zone - forming a 'reversal day' bar (higher high, lower close) in the process.
Daily technical indicators have corrected oversold conditions but are not showing much upward momentum. MACD has crossed above its signal line in bearish zone. RSI bounced up from the edge of its oversold zone, but has stopped short of its 50% level. Stochastic crossed above its 50% level, but has turned downwards. Expect some correction or consolidation.
On longer term weekly chart (not shown), the index closed below its 20 week and 50 week EMAs but well above its rising 200 week EMA in a long-term bull market. Weekly technical indicators are looking bearish. MACD is falling below its signal line in bullish zone. RSI is below its 50% level. Stochastic has emerged from its oversold zone.
FTSE 100 index chart pattern
A technical bounce was expected in last week's post on the daily bar chart pattern of FTSE 100. The bounce took the index to a close above 7120 on Wed. Oct 31.
The index touched an intra-day high of 7196 on Fri. Nov 2, but closed more than 100 points lower - forming a 'reversal day' bar (higher high, lower close) that can trigger some more selling.
Daily technical indicators are turning a bit bearish. MACD is rising above its signal line in bearish zone, but its upward momentum is slowing down. RSI faced resistance from its 50% level and has turned downwards. Stochastic has dropped from its overbought zone. Some correction or consolidation is likely. (At the time of writing this post, the index is trading below 7100.)
On longer term weekly chart (not shown), the index closed below its 20 week and 50 week EMAs but just above its 200 week EMA in long-term bull territory. Weekly technical indicators are in bearish zones. MACD is falling below its signal line in bearish zone. RSI and Stochastic have emerged from their respective oversold zones.
S&P 500 index chart pattern
The following remark was made in last week's post on the daily bar chart pattern of S&P 500: "Another likely breach of the 200 day EMA can lead to a fall towards the lower edge of the support zone."
The fall below the 200 day EMA was steeper than expected. On Fri. Oct 26, the index touched an intra-day low of 2628 and closed 30 points below the 61.8% Fibonacci retracement level of 2689. The strong volumes indicate that the index may fall lower.
The index is trading well below its three falling EMAs in bear territory. It seems that the entire 'Trump rally' - from the small 'double bottom' reversal pattern formed during Jan-Feb '16 to the 'double top' reversal pattern formed during Sep-Oct '18 - is facing correction, with a possible drop to the zone between 2400 and 2500.
Daily technical indicators are looking bearish and oversold. MACD is falling deeper inside its oversold zone. RSI is about to re-enter its oversold zone. Slow stochastic has re-entered its oversold zone. RSI and Slow stochastic are showing positive divergences by not falling lower with the index. A likely technical bounce may face more selling by bears.
On longer term weekly chart (not shown), the index closed below its 20 week and 50 week EMAs but well above its 200 week EMA in a long-term bull market. Weekly technical indicators are showing downward momentum. MACD is falling below its signal line in bullish zone. RSI is falling below its 50% level. Slow stochastic is about to enter its oversold zone.
FTSE 100 index chart pattern
The following comment appeared in last week's post on the daily bar chart pattern of FTSE 100: "Bulls needn't get too excited, as the index appears to be forming a bearish 'flag' pattern."
The index faced resistance from its falling 20 day EMA and then broke out below the bearish 'flag' (shaded) to touch an intra-day low of 6852 on Fri. Oct 26 - breaching its Mar 26 low - before recovering to close at 6940.
Daily technical indicators are correcting oversold conditions. MACD has crossed above its falling signal line in bearish zone, and seems to be forming a bullish 'rounding bottom' pattern. RSI and Stochastic have emerged from their respective oversold zones. A technical bounce is likely. (At the time of writing this post, the index is trading 90 points higher.)
On longer term weekly chart (not shown), the index closed below its three weekly EMAs in long-term bear territory. Weekly technical indicators are looking bearish. MACD is falling below its signal line in bearish zone. RSI has emerged from its oversold zone. Stochastic is trying to do the same.
S&P 500 index chart pattern
The following comments were made about the daily bar chart pattern of S&P 500 in last week's post: "...it formed an 'inside day' as well as a 'hammer' candlestick pattern. Bulls appear to be ready for a fight back."
The index dropped below its 200 day EMA on Mon. Oct 15, but managed to close above the support zone between 2737 and 2689 (the significance of these levels were mentioned in last week's post)
. It bounced up to touch an intra-day high of 2817 on Wed. Oct 17, but formed a bearish 'hanging man' candlestick pattern.
Bears used the opportunity to follow a 'sell on rise' strategy. The index dropped to seek support from its 200 day EMA, and closed flat for the week. (At the time of writing this post, the index is desperately trying to stay above its 200 day EMA - but for how much longer?)
Daily technical indicators are looking quite bearish. MACD is falling deeper inside its oversold zone. RSI and Slow stochastic emerged from their respective oversold zones but are moving downwards. Another likely breach of the 200 day EMA can lead to a fall towards the lower edge of the support zone.
On longer term weekly chart (not shown), the index remained below its 20 week EMA but closed above its 50 week and 200 week EMAs in a long-term bull market. Weekly technical indicators are showing downward momentum. MACD is falling below its signal line in bullish zone. RSI is sliding down below its 50% level. Slow stochastic is about to enter its oversold zone.
FTSE 100 index chart pattern
The following comment appeared in last week's post on the daily bar chart pattern of FTSE 100: "Stochastic has stopped falling, and can trigger a technical bounce."
It turned out to be a weak bounce. On Mon. Oct 15, the index formed a small 'reversal day' bar (lower low, higher close) by touching an intra-day low of 6961 - its lowest level in 7 months - but closing higher at 7029.
That triggered a small rally, as the index formed a bullish pattern of 'higher tops, higher bottoms'. Bulls needn't get too excited, as the index appears to be forming a bearish 'flag' pattern.
Daily technical indicators are trying to correct oversold conditions. MACD is below its falling signal line in bearish zone, but seems to be forming a bullish 'rounding bottom' pattern. RSI has just emerged from its oversold zone. Stochastic is still inside its oversold zone.
FTSE gained about 0.8% on a weekly closing basis, but is trading below its three EMAs in a bear market. Any further attempt to rally may face resistance from the falling 20 day EMA.
On longer term weekly chart (not shown), the index formed a small 'reversal' bar and just managed to close above its 200 week EMA but well below its 20 week and 50 week EMAs. Weekly technical indicators are looking bearish. MACD is falling below its signal line in bearish zone. RSI has emerged from its oversold zone. Stochastic is still inside its oversold zone.
S&P 500 index chart pattern
Possibility of some more correction was mentioned in last week's post on the daily bar chart pattern of S&P 500. Yet, the vicious bear attack on Wed. & Thu. (Oct 10 & 11) seemed to catch bulls unawares.
The index fell vertically to close below its 200 day EMA for the first time in 6 months. By touching an intra-day low of 2710 on Oct 11, the index dropped into the support zone between 2737 and 2689 (which are the 50% and 61.8% Fibonacci retracement levels respectively of the 408 points rally from the Feb 9 low of 2533 to the Sep 21 top of 2941).
Volume spikes on Wed. & Thu. may be the sign of a 'selling climax'. On Fri. Oct 12, the index bounced up to close above its 200 day EMA in bull territory. In the process, it formed an 'inside day' as well as a 'hammer' candlestick pattern. Bulls appear to be ready for a fight back.
Daily technical indicators are looking oversold. MACD and Slow stochastic are falling deeper inside their respective oversold zones. RSI is trying to emerge from its oversold zone, and can trigger a pullback towards the 2800-2850 zone.
On longer term weekly chart (not shown), the index fell below its 50 week EMA intra-week for the first time since Apr '18, but closed above its 50 week and 200 week EMAs in a long-term bull market. Weekly technical indicators are showing downward momentum. MACD and Slow stochastic are falling in bullish zones. RSI has dropped below its 50% level.
FTSE 100 index chart pattern
The bottom seems to be falling out of the daily bar chart pattern of FTSE 100. Bulls were helpless against aggressive bears, as the index closed more than 320 points (4.4%) lower for the week.
All three EMAs are falling, and the index is trading below them in a bear market. A test of the Mar '18 low is on the cards. (At the time of writing this post, the index is correcting further.)
Daily technical indicators are looking oversold. MACD and RSI are falling deeper inside their oversold zones. Stochastic has stopped falling, and can trigger a technical bounce.
On longer term weekly chart (not shown), the index closed below its three weekly EMAs in long-term bear territory. Weekly technical indicators are looking bearish and showing downward momentum. MACD and RSI are falling towards their respective oversold zones. Stochastic is inside its oversold zone.
S&P 500 index chart pattern
The following comments were made in the previous post on the daily bar chart pattern of S&P 500: "Despite trading near a lifetime high, the index is facing difficulty in shaking the bears off...A correction towards the lower Bollinger Band remains a possibility."
The index touched the upper Bollinger Band twice - on Mon. (Oct 1) and Wed. (Oct 3) - but corrected sharply below its 20 day SMA (dotted line) to the lower Bollinger Band by Fri. (Oct 5). The index bounced up a bit after receiving good support from its 50 day EMA, but lost about 1% on a weekly closing basis.
The previous occasion when the index dropped to touch the lower Bollinger Band was more than 3 months ago (in end-Jun '18). The index had then consolidated sideways before resuming its up trend. Will the pattern repeat this time? The fact that the index took just a week to wipe out all gains made during the previous three weeks is hinting at a bear resurgence.
Daily technical indicators are looking bearish and showing downward momentum. MACD is falling below its signal line in bullish zone. RSI and Slow stochastic have dropped below their respective 50% levels after forming 'head and shoulders' reversal patterns. Some more correction can't be ruled out.
On longer term weekly chart (not shown), the index closed above its three rising weekly EMAs in a long-term bull market. Weekly technical indicators are suggesting a correction towards its rising 20 week EMA. MACD and Slow stochastic are correcting overbought conditions. RSI is falling in bullish zone.
FTSE 100 index chart pattern
The following comments were made in the previous post on the daily bar chart pattern of FTSE 100: "The three EMAs are converging - a technical condition that is usually a harbinger of a sharp up or down move."
The sharp move occurred downwards - below all three EMAs into bear territory once again. The index managed to close above 7300, but lost more than 190 points (2.5%) on a weekly closing basis.
Daily technical indicators are looking bearish and showing downward momentum. MACD has crossed below its signal line in bearish zone. RSI has dropped below its 50% level. Stochastic has entered its oversold zone, and can trigger a pullback. (At the time of writing this post, the index has slipped below the 7300 level.)
On longer term weekly chart (not shown), the index closed below its 20 week and 50 week EMAs but above its 200 week EMA in a long-term bull market. Weekly technical indicators are looking bearish and showing downward momentum. MACD is falling below its signal line in bearish zone. RSI is falling below its 50% level. Stochastic has entered its oversold zone.
