So at that point we had two bearish signals come through in just a matter of weeks. And, as of yesterday's close, we now have a third bearish data point that further confirms my topping thesis.
- Long term rising line of support has been violated
- The index is trading below both its 50 and 200 dmas
- Continued deterioration in MACD and RSI
- Bearish cross of the 50 and 20 dmas
- 12 month support at 1080 has been violated