The Traderszone Network

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

SPY Barely Avoids Weekly PMO SELL Signal – Possible Top for USO?

The S&P 500 experienced yet another whipsaw Short-Term Trend Model signal change. As of today it is back to a Neutral signal. With today’s decline, the PMOs are starting to expand the margin to the signal lines. Hopefully that will at least clear up the whipsaw PMO signals. When price clusters around the shorter-term EMAs, they will braid and that is where the whipsaw occurs.