The Traderszone Network

Published in TZ Latest News 7 August, 2015 by The TZ Newswire Staff

Weekly Chart Review – Breakdown on SPY – $NDX New STTM Neutral

The market showed some follow-through on yesterday’s decline. It wasn’t spectacular, but enough to add another Neutral signal to the DecisionPoint Scoreboard. The NDX generated a Short-Term Trend Model (STTM) Neutral signal when the 5-EMA crossed below the 20-EMA while the 20-EMA was above the 50-EMA. Had the 20-EMA been below the 50-EMA when the crossover occurred, it would be a SELL signal…