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S&P warning signals

|Includes: SPDR S&P 500 Trust ETF (SPY)

The market reversed on higher volume, there is a negative divergence forming with the MACD and the candle has negative implications. However, I would only think of these as warning signs and clearly can not call a top right now. If the trend is broken it will be time to reconsider staying long. Right now, if you are a long term investor, there is no reason to get out of the market. If you are a shorter term player it may be worth your time exploring the short side.