Bearish Bias - Weekly PMOs Log New SELL Signals on DP Scoreboards

I did a review of the monthly charts Wednesday and noticed a bearish bias. Today three new Intermediate-Term Price Momentum Oscillator (PMO) SELL signals arrived. The weekly PMOs crossed below their signal lines which triggered these signals. Weekly charts are presenting bearish characteristics.

After looking at all three of these weekly charts, the main thing to notice are the rising bottom trend lines  price could continue lower and preserve the rising trend.

Helpful DecisionPoint Links:

Erin's PMO Scan

DecisionPoint Shared ChartList and DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin

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