The Traderszone Network

Published in TZ Latest News 26 August, 2016 by The TZ Newswire Staff

Short-Term Indicators Go Negative – Two Bearish ST Trend Model Signals on Scoreboards

There were two new signal changes on the DecisionPoint Scoreboards. Today saw the Dow and OEX trigger new Short-Term Trend Model (STTM) Neutral signals as the 5-EMA crossed below the 20-EMA. This tells us that the shorter-term trends are getting negative. A review of the SPX chart shows the 5-EMA in decline, it just hasn’t crossed below the 20-EMA to switch the signal. To review the annotated…