Losing Lift

Update: Evilspeculator linked this today. Below is a picture of what the link shows, but it goes back to what was discussed yesterday in the DP chart below. People are selling into the rally. Insiders are selling big time too. Here is a link to zerohedge that shows the high volume of insiders selling their own stock

Beep Beep Beep, Stall Warning!
SPX seems to have run out steam after running up for 8 days(yes 1 day was "down" but barely).
The almost vertical trendline on the 60 min broke today.

Be a little skeptical now because the chop after the drop this AM, SPX was able to relieve some of the overbought conditions and this could start another move up.

On the daily chart today's spinning top signals indecision and rightfully so. Bears have been killed trying to short this market, and bulls have enjoyed a 75 point run up in the last 8 days. Both STOCH and RSI are well overbought.

There was a pullback signal on the MEGA B chart today. So far it has been reiable in signalling a pullback. Today the NYUPV Moving Average moved below the green line,(intraday, it didn't close at the line) this with a move NYDEC below the yellow line gave a good entry point. So far this has been a good signal, although the drops haven't been to far. The last time we got a signal was on July 28th but look at the chart, there was signals on each of the green lines. There was also a pullback signal with Decliners breaching their horizontal line. Today the signal was given intraday around 10:00, my stop on SDS is 39.58. Locking in .31.

The market is still losing lift, it's volume ratios are reaching high levels on the upside and hitting lows on the downside. If you look at the moving averages on the ratio for up and down volume to total volume, both the up-volume failed to make new highs and the down-volume didn't make new lows. But if you look at the previous highs in the market, this occurred. The high in August were matched with higher up-volume and a higher ratio to total volume and oposite for the downside.

This was able to confirm the rally, but since then there hasn't been to much backing behind
these moves, if you look at NYTV(total volume) it has barely picked up or made a new high.
Here is a chart of the money flow in and out of RYDEX S&P 500 Fund. This is yesterday's but notice the flow of money in the chart, not one day but the trend since August.
(chart is from Decision Point, if you don't belong to DP, I highly recommend them, they are one of the best sources for market data. That's no plug that is the truth)

Cash flow has been declining during this move up!