The sellers’ bell

The sellers’ bell rang loud and clear Friday.

It’s a strong signal when the market makes a large move on heavy volume.

In this case the Bear is telling us it’s alive and threatening to stick it to the Bull in a major way.

We’ve raised our Red Flag sellers bias.

Profits from long positions must be guarded closely.

The 50-day averages will be telling this week. A further fall tells us the Bulls aren’t up to defending it.