7-1-10 Market Indicator 1 Change

trafficelight2 100x300 7 1 10 Market Indicator 1 ChangeThe Major Market Timing Indicator #1 changed to DOWN on Thursday 7/1/10 – the conditions for triggering the change to DOWN occurred on Thursday.

The market has fallen for nearly two weeks in a row and is due for a relief rally – some type of upward move is growing more likely in the short-term despite the new DOWN signal.