In the last post on the SPY i advised to wait in order to see a lower low on the 50 day mov avg in order to call for a top in this cyclical Bull Market . Here is an example with the previous one from 2003 to 2007.
The first time the 50 day mov avg made a lower low than the previous bottom was in early 2008 and it clearly was a Bear Market signal..
And if you are still not convinced you can also take a look at the previous one... here is the bigger picture :
