Market internals expecting a drop

MarketRSI is showing a decided drop in it's recent price momentum. This can be seen on the chart below by following the Black line in the lower indicator. Usually when this indicator hits a peak, the price will drop within a couple of days afterward. This drop is followed by a rise in the lows (as you would expect) and can be seen by a rise in the thin red line (noted on the chart below). A good trade is when the redline crosses the blue line of Highs. Although price on the SP-500 has hardly moved over the last few days, it appears the market is getting tired. The SP-500 with MktRSI is on the following chart:

This drop of momentum can be seen in the Dow-30, NASDAQ-100 and Russell 2000. This second chart is the Dow-30.

 

This chart below is the Russell 2000 index.

  

 And finally you can see the same has occurred in the NASDAQ-100.

 

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