1:50pm EST: The earlier turn signal that lasted for a few hours has faded and that would not be a surprise. Most often the breadth MACD signal line needs to spend a few sessions in the below zero [brrr] climate before a continuation down in the market ensues. This will also potentially encourage the summation index to roll over some more and set it up with additional negative divergence on it's MACD and possibly begin to move the STOCH down from it's highs as well.
Original post-
A second turn signal down is showing intent intra-day but it isn't required since one already has printed on 11/10/21 right after the gap down on Feb '20 was closed in SVXY. This is not likely to be a large degree terminal top. If breadth signal on NYAD MACD daily (12,*26*, 9) the - '26' [red signal] parameter prints less than zero, then that will support a potential impending decline. Intra-day it is printing below zero. It could go lower and then pop up a little while remaining close to zero prior to the acceleration of a decline if that's how this plays out.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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