The Traderszone Network

Published in TZ Latest News 26 October, 2017 by The TZ Newswire Staff

Momentum Failing on SPX – New PMO SELL Signal – Dow Holds PMO BUY Signal

I updated the DecisionPoint Scoreboards yet again today. Yesterday saw the new PMO SELL signals on the NDX and OEX and today the SPX has followed suit by generating its own PMO SELL signal. You’ll note that “one of these thingsĀ is not like the others” on the Scoreboards as far as the short-termĀ PMO. The Dow Industrials ($INDU) has been the titan of indexes with very little holding it back. Below is a tale of two very different charts.

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