Wells Fargo & Company - WFC - Daily - Bearish Rel Str & Top

WFC has made lower highs since July while the overall market has made higher highs. When the leading group, financials, stop leading AND have a bearish chart pattern all by themselves, then it is a sign of trouble ahead for the S&P500 as well as being a bearish sign for WFC by itself.

Short WFC with 5% downside potential to $49.50. Stop $52.10. Last $51.38

Tim 2:04PM EST 9/2/2014 Tuesday