The new Long-Term Trend Model (LTTM) BUY signals triggered on the SPX yesterday (3/4) and on the NDX today (3/5). We are probably seeing these just in time for a pullback or correction ahead. The Dow seems to agree, as it generated a new ST PMO SELL signal.
I've highlighted the new signals below. Note that the OEX hasn't triggered the same long-term signal yet, while the Dow is the first to lose its ST PMO BUY signal. Underneath the signal table, I have included charts of all four of the Scoreboard Indexes.
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- Erin
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