Is This The Start of a Big Decline- Update Premarket Aug 28, 2014

We have been warning you about the coming  top of the market . SPX and DJI and most other indices
made new highs in the last 2 days  but the internals of the market were weakening. The number of new highs yesterday was near the lows rather than highs. The number of bullish advisors also reached an extreme yesterday. Candlestick charts also show a peak being formed. A 5 step decline below last Friday's lows  or below 15 day moving average will confirm the start of a major decline. Start of a new month  usually has bullish tendencies but it does not have to be bullish. September is the weakest month
Russell 2000 did not make a new  high.

Gold stocks may be starting a rally here . So cover your short positions in Gold related stocks.
Let us look at charts.

Markets around the world starting a decline again after completing  Oversold rallies.

DJI

SPY

IWM

TNA

TZA

GLD

NUGT  Giving a BUY signal

DUST  Giving a SELL signal

Interest  on 10 year and long term bonds are reaching new lows specially in Europe where in some countries they have become negative. We are forming the biggest bubble in  long term bonds in the history of the world. Right now it has the extreme bullish sentiment. We do not have a SELL signal yet .
TLT

TMF  3 X Bull  Making New Highs

TMV 3X Bear Making new Lows