Coming reversal on SPY

Currently futures on SP1!             Appear to be heading to open lower on 11/10/14. For this chart ( SPY             ) I am using EMA 10 day and EMA 21 Day as a timer. As you can see in this chart, every cross has been reliable. I am using Stoch (52,9,3) as a way to have extra assurance on when to place a trade. The Stochastic cross seem to be happening before EMA crosses. If futures open lower on Monday, this will bring this will bring the Stochastic lines closer to crossing. Considering the lines are in the uppermost region, this would seem evident of a coming downtrend. Just look what happened late July. Keep an eye out for news that could hurt the market. If there is a lot of bad news in the coming weeks, this would help you to determine how bad the downtrend could be. Right now SPY             seems like it hasn't peaked yet. Friday's candle was a spinning top where bull's gained strength. Keep a close watch on the S&P 500             . It won't take much to bring it down from this peak.
Thanks Rashad, Nice chart.
I see a gap left! Island top perhaps!!
From a long term investor POV, I can agreee. I think the market will be going down in the near future. My reasoning is different from yours but I think your technical analysis is spot on. Keep up the good work Rashad!
I too think we are going down. however, nothing too drastic. After that we are probably going to do one more last push to new highs before end of year. After we reach this high, long term flat pancake market. Those ones where you trade the ups and down in a uniform sideways rectangle.
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