Currently futures on SP1! Appear to be heading to open lower on 11/10/14. For this chart (SPY) I am using EMA 10 day and EMA 21 Day as a timer. As you can see in this chart, every cross has been reliable. I am using Stoch(52,9,3) as a way to have extra assurance on when to place a trade. The Stochastic cross seem to be happening before EMA crosses. If futures open lower on Monday, this will bring this will bring the Stochastic lines closer to crossing. Considering the lines are in the uppermost region, this would seem evident of a coming downtrend. Just look what happened late July. Keep an eye out for news that could hurt the market. If there is a lot of bad news in the coming weeks, this would help you to determine how bad the downtrend could be. Right now SPY seems like it hasn't peaked yet. Friday's candle was a spinning top where bull's gained strength. Keep a close watch on the S&P 500. It won't take much to bring it down from this peak.
