DP Alert: SPY Rising Trend Channel Broken – DP Indicators Bearish in ST and IT – PMO SELL on UUP

Since November 9th, the DP Scoreboards have been quiet. It isn't surprising to see the weakness on these Scoreboards to be short-term momentum given the recent decline. The SPY/SPX have now dropped below rising trend channels, but support remains. With DP indicators looking bearish, we could be in for more downside in both the short and intermediate terms.

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