The Traderszone Network

Published in TZ Latest News 4 February, 2016 by The TZ Newswire Staff

Rally Not Dead Yet – Dollar Tanking

Momentum remains positive on the SPY and the indexes on the DecisionPoint Scoreboards. What we look for next is a change in the short-term trend. It will take a 5-EMA positive crossover the 20-EMA to generate that “green arrow”. This will be difficult given 5-EMAs have been pointed down for some time. However, they are turning back up with today’s extension of the rally.