The Traderszone Network

Published in TZ Latest News 7 May, 2016 by The TZ Newswire Staff

SPY: Correction Probably Not Over

The signal table from the DecisionPoint Alert daily report shows all major market and sector indexes on Trend Model BUY signals, and all but three are profitable, so there is some cushion against the downside. However, this is just a one-dimensional picture of the market status generated by moving average crossovers. We also need to examine the condition of the market, so we can evaluate if this positive picture is likely to persist.

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