S&P 500 Has Issued Weekly Sell Signal 标准普尔500指数周图已发出卖出信号

S&P 500 has risen 10 weeks and hit it's 5 time resistance at 2800 to 1817 area. It's over extended and may not have the momentum to break above this resistance area for a while. The likely action is for the S&P 500 to come down and correct. The sell signal is issued as a bearish Engulfing pattern has formed. The  bearish  Engulfing sell signal is further confirmed with the Ultimate Oscillator sell signal. Using fibonacci retracement level, the initial downside target is the 38% retracement level 2635 for the S&P 500. Best way to participate for the market down turn are buying bear ETFs such as UVXY, TZA, SQQQ, SDOW and SPXS.

标准普尔500指数上涨了10周，触及5次都过不去的在2800点至1817点的阻力区间。 市场已经过度延伸并且可能有一段时间无法有动力突破这个阻力区域。 最可能的行动是标准普尔500指数下跌调整。看跌的吞噬图标模式已形成并发出卖出信号。 看跌的吞噬图标模式卖出信号进一步通过终极振荡器（Ultimate Oscillator）卖出信号得到确认。 使用斐波那契回撤水平来看，第一个下行目标是标准普尔500指数的38％回撤水平2635。参与市场下行的最佳方式是购买熊市ETF，如UVXY，TZA，SQQQ，SDOW和SPXS等。