The Traderszone Network

Published in TZ Latest News 29 October, 2015 by The TZ Newswire Staff

PMO Analysis Charts Reveal Interesting Divergences

While scanning my charts for my DecisionPoint Alert daily market review, I happened on the S&P 500 Price Momentum Oscillator (PMO) Analysis chart. It didn’t look as I would’ve expected. This prompted me to review the same PMO Analysis charts for other indexes to see what they were saying. Across the board I found them unusual considering the strong rally we have experienced since the last bear market low. 

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