10 Signs a Market is in a Downtrend

10 Signs a Market is in a Downtrend
  1. A market is trading under it’s 200 day simple moving average.
  2. The market price is trading under all short term moving averages.
  3. The MACD has made a bearish crossover.
  4. The daily chart’s RSI is under 30.
  5. A chart has made lower highs and lower lows for weeks.
  6. You are seeing large wicks at the top of your candlesticks on the chart.
  7. The market starts out high but ends low on most days.
  8. The market is not close to it’s all time high prices.
  9. Momentum signals stop working as buy signals.
  10. Your market goes down on good news.