The market, as measured by the Standard & Poors 500 Index ($SPX), had been laboring at new highs, near 2120. Then, last Friday it broke down below support at 2090, which turned the chart bearish.
Equity-only put ratios curled upwards late last week and gave
confirmed sell signal. See below.
Market breadth oscillators had been on sell signals. But they reached oversold status, and now both have rolled over to buy signals, after two days of positive breadth.
Volatility indices only[...]