DIA (green vertical lines indicate the divergence buy signal. Red vertical line represents a divergence sell signal),
SPY
QQQQ
IWM - Actually triggered yesterday and again on Tuesday.
SMH
IYT
The biggest problem at this point is the overhead resistance (a.k.a. SUPPLY). One can't expect a "Death Cross" to mean an immediate rejection of price. There are bound to be some short-covering, dip-buying rallies.
Essentially, what it all boils down to is that the coming bounce should determine whether we probe lower (for a lot of, so far, untested price levels below), or higher (within the range we currently find ourselves in, up to around $113). It is critical, because "pace" (the bounces off of support we have experienced) is quickly fading.
Just as an aside, here's a good example of why the 3/10 oscillator isn't ideal in a trending market. Unless of course you use the signals as a contrary indicator.
CF
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