Technical analysis – S&P, Dow and NASDAQ are turn downwards

Our technical analysis tells that 3 major american indices have reached a turning point.

As you can see in the S&P 500 graph there is a blue line which shows the very strong resistance, also RSI is very close to overbought level:

Dow Jones already has a strong bear pattern:

NASDAQ have reached the overbought level by RSI:

We have a lot of cash in our FTinvest 11 portfolio (because we sold many stocks) and ready for further fall.