No sell signal—the short-term trend for US equity indices remains positive.

Short-Term (days/weeks) : higher
The S&P 500 and key US equity indices were all higher last week: the S&P 500
and Nasdaq 100 both breached resistance.
Daily OB/OS momentum indicators turned up at modestly overbought for the
Nasdaq Composite and Nasdaq 100; S&P 500 Daily OB/OS turned up at neutral
and DJIA Daily OB/OS neutralized from modestly oversold.
At the close on Friday, the S&P 500 was testing support, the Nasdaq 100 was
near support, the DJIA was in the middle of the range and Nasdaq Composite
was extended above price support.
No sell signal—the short-term trend for US equity indices remains positive.
DJIA/NYSE ITI analogs (peaks in the 70% range and troughs in the 30% range)
still look relevant and suggest strength to early or late June before the next short-term
pullback: see charts, pages 3-4.
See Daily OB/OS Charts, attached.
Intermediate-Term (weeks/months): still positive
US intermediate indicators of breadth and momentum were all higher week-on-week
at the close on Thursday, including NYSE, Nasdaq Composite and Nasdaq
100 Intermediate Term Indicators, the Percentage of S&P 500 Groups with
Positive Money Flow and Money Flow of the Average NYSE Stock.
Nasdaq Composite and Nasdaq 100 Intermediate Term Indicators accelerated
higher.
Key US equity indices were also all higher again week-on-week at the close on
Thursday ; the Nasdaq Composite and Nasdaq 100 were both sharply higher
again, both indices breaching intermediate resistance. See Weekly Charts,
attached.
Renewed improvement in US intermediate indicators of breadth and momentum
and key US equity indices suggests a still-positive intermediate trend (weeks/
months) for US equities.
Analog models suggest strength to early/late June before the next pullback: see
analog charts, pages 2-3.
Key Takeaway : the intermediate outlook (weeks/months) for US equities
remains positive.