DecisionPoint

DP Bulletin: NDX Whipsaws Back to PMO BUY Signal

Just a quick headline! NDX whipsawed back into a PMO BUY signal after two days on a SELL. After today's brilliant move by the technology sector, the PMO was yanked back up above its signal line.



This was a beautiful breakout today with a gap up to form new support at prior resistance. Hard to argue with what looks like an initiation impulse such as this on price. This doesn't look like a fake out rally, but I would expect to see it pause or pullback slightly.


Helpful DecisionPoint Links:

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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