Both long term indicators have turned bearish:
1) The Volatility Trend based indicator turned bearish at the close on December 30, 2015, where the S&P 500 closed at 2063.36.
2) The Stock Trend indicator turned bearish at the close on January 11, 2016, which saw the S&P 500 closing at 1923.67.
When both indicators turn negative, we have a confirmed bearish condition in the stock market. On a tactical basis, positions in stocks will be kept until the market reaches the level it broached on the first bearish signal at 2063.36.
