No short-term sell signal (days/weeks) for US equity indices.

Short-Term (days/weeks) : no sell signal
Key US equity indices were almost all higher last week, including the S&P 500, Nasdaq Composite and the DJIA; the Nasdaq 100 was unchanged.
Daily OB/OS momentum indicators mostly turned down or stalled at moderately overbought (Nasdaq Composite, Nasdaq 100 and S&P 500); DJIA Daily OB/OS momentum turned positive.
At the close on Friday, the S&P 500 was testing resistance at the 2022 high, the Nasdaq 100 and Nasdaq Composite were testing resistance at last week’s highs, and the DJIA was near trend resistance from the late 2022 high. Daily OB/OS momentum indicators were all moderately overbought.
No short-term sell signal (days/weeks) for US equity indices. The updated DJIA model of troughs in the NYSE ITI in the 30% range suggests strength to late July: see chart, page 2. See Daily OB/OS Charts, attached.
Intermediate-Term (weeks/months): still positive
US intermediate indicators of breadth and momentum were all sharply higher or very sharply higher week-on-week at the close on Thursday, including NYSE, Nasdaq 100 and Nasdaq Composite 100 Intermediate Term Indicators, Percentage of S&P 500 Groups with Positive Money Flow and Money Flow of the Average NYSE Stock.
Key US equity indices were also all higher week-on-week at the close on Thursday ; the Nasdaq Composite and the Nasdaq 100 are both still below next resistance levels and the DJIA is testing trend resistance from the 2022 high.
Intermediate indicators are still almost all in oversold territory except for the Nasdaq 100 Intermediate Term Indicator which is very modestly positive. See Weekly Charts, attached.
Sharply higher intermediate indicators accompanied by across-the-board improvement in key equity indices suggests a still-positive intermediate trend (weeks/months) for US equity indices. Also, indicators are still modestly oversold or only modestly overbought, leaving room for further improvement.
Finally, the updated DJIA/NYSE ITI analog model still looks relevant and points to strength to late July before any meaningful pullback: see analog chart, page 2.
Key Takeaway : the intermediate outlook (weeks/months) for US equities remains positive.