[isatrader]

If you did that you would be shorting when the index was above its MA, albeit a falling one. That said, recent limited experience with short index ETFs shows that buying when pulling back to the MA is much lower risk.

Check your chart suppliers data, as Shaun is right, as both indexes are below their 30 week MA's (see attached), and so closes below those levels would see the potential resumption of the Stage 4 breakdown that began in the summer.