The Traderszone Network

Published in TZ Latest News 3 February, 2017 by The TZ Newswire Staff

Bearish Wedge Intact on SPY – NEW! Long-Term BUY Signal on USO – NEW! IT Trend Model BUY for GOLD – Weekly Chart Review

Big day today with the rally pop. There are no changes on the DP Scoreboards, but we did get a few important signals outside of the Boards. The most significant is a Long-Term Trend Model BUY signal on USO, this replaces a LTTM SELL signal that has been in effect since 8/2014! The second signal is on Gold. Gold saw a 20/50-EMA positive crossover garnering it a ITTM BUY signal.