S&P 500

Now take a look at the S&P chart:

First of all, friday's bar is a bearish engulfing pattern, which usually leads to more downside. And this gets very interesting about tomorrow, because since a year ago, almost all mondays were very bullish!

My trend follower is still in buy hold mode and the treshold is at 1151. However, there's a sell cross in the stochastic oscillator and a drop below 70 in the RSI. The MACD is dropping and the there's some divergence in volume with prices.

It will be an interesting week to follow...