This is a bulletin to let you know that the DecisionPoint Short-Term Trend Model has generated new SELL signals for all four indexes on the DecisionPoint Scoreboards. After the sizable decline to finish off today, the 5-EMAs all tumbled below the 20-EMAs. The 20-EMAs were below the 50-EMA so it generated SELL signals rather than Neutral signals. If you haven't read yesterday's DecisionPoint blog article regarding the bearish bias of the markets right now, here is a link.
Helpful DecisionPoint Links:
DecisionPoint Shared ChartList and DecisionPoint Chart Gallery
Price Momentum Oscillator (PMO)
Swenlin Trading Oscillators (STO-B and STO-V)
Technical Analysis is a windsock, not a crystal ball.
Happy Charting!
- Erin
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