After a hectic month, with
- a US debt default discussion,
- a rescue package for Greece and
- signs of slower than expected economic growth
The long-term trend signals for the S&P 500 are all unchanged compared to last month.
They are all pointing up.
But this is a time that shows clearly that looking at the long-term trend signals for one market index like the S&P 500 is not enough.
To see where the trend is going for the overall market, you better follow a number of different market indices.
At this moment we get for example the first warnings from the NASDAQ and NYSE indices for the start of a potential downturn.
Long-term trend signals for many emerging markets are pointing down. And Europe starts coloring red as well.
See here the performance history for the S&P 500 and here the S&P 500 long-term trend signals.