At the week-end I said:

If this market is to weaken considerably in October look for:

• a break by the Index below the support area of the June/August highs,
• a break by the MACD Histogram below its Zero line – that has occurred,
• a break by the RSI.9 below its mid-line – that has occurred.

I'm still waiting for the break below the June high. And then the August high, which is a little lower, needs to break.

We're getting plenty of warning signs - see this morning's blog and this evening's blog regarding the Gold ETF.

But - until we see those horizontal supports cave in, we have to presume this market is still bullish.

Cheers

Red