The S&P 500 lost a little ground today, the 10, 20, and 50 day moving average is crossing which represents indecision in the market.

We’re sandwiched in the VWAP (Volume Weighted Average Price) from July and the low from a couple weeks ago. Even if this market turns sideways, we will be trapped under a declining 5 day moving average. If we break below the low for a week, we could experience a pretty decent sell off. The S&P 500 looks like it’s forming an inverted cup and handle.

There is a lot of reasons to be very cautious in this market. Watch the video for more stock market analysis.