New York Composite Index - Weekly Chart Sell Signal Has Been Triggered!

A weekly chart sell signal has been officially triggered by my computer trading system in the New York Composite Index at Friday's close, May 25th. This follows a daily chart sell signal that was triggered on Tuesday, May 22nd.

NY Composite Index Weekly Chart

New York Composite Index Daily Chart

Weekly chart sell signals were also triggered in almost every energy-related sector index and energy-related ETF at Friday's close.

AMEX Oil Index Weekly Chart

Daily Chart Sell Signals - Key Downside Reversal Day!

Just a quick note this evening...

It is my strong view that today represented a key downside reversal day in the U.S. stock market. Daily Chart Sell Signals were triggered by my computer trading system in the following major U.S. stock indices:

NY Composite Index

S&P 500 Index

S&P 100 Index

Russell 2000 Index

Dow Jones Transportation Index

And Daily Chart Sell Signals were triggered in the following sector ETF's:

IWM, IWN, IYT, DVY, OIH, RTH, XLE, XTN

And a Daily Chart Sell Signal was triggered in my own FAANG Composite Index.

Bottom line: A major decline in the U.S. stock market probably began today! Traders and Investors can probably expect the closely watched 200-day moving average line in most major benchmark indexes to be convincingly broken on the downside over the very near term as a correction of at least 20% unfolds over the next several months!

NY Composite Index with 200-day Moving Average Line

Russell 2000 Index with 200-Day Moving Average Line

S&P 500 Index with 200-Day Moving Average Line

Dow Jones Transportation Average with 200-Day Moving Average Line