Today the weekly PMO for the Dow Jones Industrial Average ($INDU) crossed up through its signal line and generated a weekly PMO BUY signal.
We can see on the weekly chart that the PMO has been running flat well above the zero line since April, which indicates that price has been moving up at a steady pace.
Check the DP Weekly Wrap for a recap of the week's market action.
Happy Charting!
- Carl
Technical Analysis is a windsock, not a crystal ball.
**Don't miss DecisionPoint Commentary! Add your email below to be notified of new updates"**
Helpful DecisionPoint Links:
DecisionPoint Shared ChartList and DecisionPoint Chart Gallery
Price Momentum Oscillator (PMO)
Swenlin Trading Oscillators (STO-B and STO-V)