As expected, the S&P 100 gave up its short-term PMO BUY signal. This puts all four DecisionPoint Scoreboard indexes on short-term PMO SELL signals. This tells us that momentum overall in the shorter term is negative. I’ve included the chart of the OEX below the Scoreboards. You’ll notice that despite a short-term decline, the rising trend channel is still intact. We’ll talk more about that…