The daily sell signal has been generated and that should be warning sign for us. The oscillators do not confirm the fall yet, but considering US market (S&P500 fell -2.21%), we can expect downward move continuation. Volume is quite hard to interpret lately.
We might also interpret current setup quite differently - the market will test the level of 36600 (previous higher high) and it will provide strong support. In my opinion such scenario is quite probable; however, this is quite emotional approach and we better stay out of trades until the daily trend will reverse back to uptrend.
We need to remember, out biggest concern should always be protecting the current gains, not to outsmart the market.
The economists say the recession in US is over (here).
Sources:
[http://www.marketwatch.com/story/recession-is-over-economists-say-2009-09-01]
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