Only two of the four main indexes that registered a higher time frame sell signal and those were the DIA and SPY (the setup being a rise in the fast line while remaining under the slow line and then turning negative). The SPY nearly achieving the primary target already.
Considering prior strength this negative fast line reading is viewed as a reverse divergence (higher price highs on lower momentum lows) and as such we would be looking for the buyable dip (ideally when the hourly fast line and slow line catch back up to one another).
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