NYMO said sell

On Friday the $NYMO indicator crossed below zero giving a sell signal. 

As of this morning the sell signal is correct, but the key will be if NYMO can stay below the zero line and decline further.  Because it is so close to the zero line, it will be important to watch the Advancers and Declines today.  Downward pressure will support NYMO going lower.
Also NYSI moved down yesterday:

Because of NYSI high levels, it will need a strong about of advancers to keep it at these levels.  Watch again for the breadth in the market for clues for these indicators.