SPX & NASDAQ IN OVERDRIVE
Looking at the S&P 500, a new Thrust/Trend buy signal was generated on Monday, changing from more than a month of neutral stance. Specifically, the signal was generated by the PMO (Price Momentum Oscillator) and PBI (Percent Buy Index) crossing up through their EMAs. The chart signals was confirmed late last week when the upside 20/50-EMA crossover occurred.
The Dow generated a buy the previous trading day, and we are now left with only the Nasdaq 100 still on neutral, needing a PBI crossover to occur. As you can see, this will most certainly happen by dawns's market close (local hours). Note that the 20/50-EMA crossover has already taken place. 
Bottom Line: All of the major indexes track are generating buy signals after having been in neutral for about six weeks of market corrections and rebounds.
It's been a long time coming! However, the word of caution is VOLUME.
Take note with precautionary measures.
Never take the markets for granted - ever!
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