DP Bulletin: Dow Industrials ($INDU) Trigger PMO SELL Signal

Today the Dow Industrials ($INDU) lost its recent PMO BUY signal from 7/14 and has logged a PMO SELL signal on the DP Scoreboard. The chart is below.



It looks like a short-term double-top in the thumbnail. Support is holding at 21500, but this recent PMO SELL signal and the OBV setting up negative divergences between price bottoms and OBV bottoms.


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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