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.

By Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.