We received the following question following our DecisionPoint LIVE webinar:
Currently for the S&P500, all three PMO signals (short-, medium-, and long-term) are in bearish mode. Have there been previous times in the past where the market turned up from here rather than have a sharp correction first? In other words, what is the likelihood that the three bearish PMO signals will occur before a big downturn rather than turning positive without a sharp pullback.