This is an updated static version of the 15 minute SPY chart that was covered in the video posted on the site yesterday.  As discussed in the video, it is typical to see various buy or sell signals all trigger in close proximity once a valid trend change (non-whipsaw) has taken place.SPY 15 min 3As this updated chart shows, we’ve now had the first of 4 possible sell signals take place; prices breaking down (and slightly backtesting) the uptrend line shown yesterday.  As always, the more buy or sell signals received in close proximity, the lower the chances are of a false signal or “fake-out”.  Eyeballing the distance to each of their respective sell signal levels (cross below 80 on the Stochs, cross below zero on the 14-34 ema histogram, and a cross below zero on the MACD), we still have quite a bit of work to do before those other three triggers confirm this first sell signal (trendline break).  Keep in mind though, that this is a 15 minute chart and therefore, an impulsive move lower could trigger those additional signals as early as today.  At the very least, the trendline break, although yet to be confirmed via the additional signals, should be an early warning sign for those positioned aggressively long.