Some of my readers will recognize my previous work from the Reversion to the Unified Mean (RUM) Wave blog. I wrote it in relative anonymity for a couple years. That work can now be found here.
Primary Indicator #1 pulled back today and so did Primary Indicator #2. This is an indication that the market could be starting a significant retreat. If Primary Indicator #1 moves back into the blue, it would signal a significant short-medium term (or longer) market decline.