sell warning?

Indecision (Doji day) and oscillator v close to a sell signal. It should fire today unless we get a 15 point move upwards. (Initially this should be treated as a hedge signal rather than a sell signal)
The oscilalltor sell signal suggest a weakening of the market, perhaps a consolidation at the highs, and maybe a impending pullback (requires confirmation by price dropping below the mid-line).

The market is still bullish, and should be treated as such until proven otherwise. If we get the signal today I will sell credit spreads in the 1980-2000 range – as I'm still expecting to see a grind upwards but continued resistance at R2.

Chart of S&P500 for 01 July 2014

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