The Traderszone Network

Published in TZ Latest News 11 September, 2015 by The TZ Newswire Staff

Weekly Chart Review – NDX Generates PMO BUY Signal

The Nasdaq 100 has been the only index on our DP Scoreboards with a bullish signal, the Long-Term Trend Model BUY. Today it added another with a PMO positive crossover that generated a PMO BUY signal. The NDX has managed to avoid the negative 50/200-EMA crossover, so technically it is still considered in a bull market. I don’t like the rising wedge that impliesĀ a possible breakdown, but…