I look at the monthly but I plot the 21 days, 10 weeks and 10 months on the daily chart. That being said ... I wouldn't be surprised if it also breaks down.
Moving average this, moving average that... But there is not even a slightest indication of market strength. Meanwhile religious believers like drunken sailors after finding treasure continue longing into the abyss.
Gotta go with what works for you. Lazy mans trend line. I have them on all my charts. If they don't work for you then don't use them.
For the CME chart the price is still above 200MA, but for other it's already below. The momentum is down and it doesn't care about your wiggly lines.
Stop posting charts and start bidding if you don't want this ponzi to collapse. I wish i could see what you are seeing though. A worldwide global financial meltdown is upon us? MUST BE A GREAT TIME TO BUY PONZI IMAGINARY INTERNET MONEY.