OIH sell signal

The OIH negative divergent RSI signal first target was hit while at the same time punching through a lower channel line with a nice increase in volume. This suggests a target of 88-92 and with it basic materials indexes like IYM also have sell side indications which I think will feed on each other and pull the S&P down with it. In the mean time if the long end of the bond market can hold these lows and trend higher should tilt speculators back to the deflation side of the trade if only for a short term opportunity....