SPX bullish percentage divided by VIX ratio breaking its support line that started since the October's first trough,Put/Call ratio divided by VIX is still trending down despite the lil bump this week.
SPX spread divided by TED spread has broke its supporting trend line since October as well. TED ratio (3 month treasuries divided by 3 month Libor instead of subtracted) is still trending well.
Financial sector bullish percentage is getting close to 5%, a bullish level in the last few months.
A confirming indicator, Euro/USD divided by SPX, has signaled a confirming sell signal on the SPX. So did McClellan divided by VIX.
New lows (green) are rising, but not at exhaustion levels of an intermediate bearish trend yet.All signal that we are in the middle of a bearish intermediate term trend but we may retrace back above 800 in the SPX then its time to load up on the shorts.
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