40 DMA % Index is waiting to see what happens.. neutral.. $SPX [chart]

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Posted By: redliontrader July 29, 2010

Score: +0

 

Neutral for the 40 DPI from Tuesday as all three indexes have started to curl back toward the trigger line.  There is still room for a couple of more days of weakness before this signal would turn fully bullish.  Any type of up day as is expected on Wednesday will restore the bullish score. image

 

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