Short-Term (days/weeks) : short-term low for US equity indices likely mid-March, near current prices

Short-Term (days/weeks) : short-term low likely mid-March,
near current prices
The S&P 500 and key US equity indices fell unexpectedly last week, turning
down at price resistance from the February high and breaching trend support
from the October low as Daily OB/OS momentum indicators failed around
neutral.
At the close on Friday, the DJIA, S&P 500 and Nasdaq Composite were all
testing trend support from the December lows; the Nasdaq 100 was still above
next price support. Daily OB/OS momentum indicators were modestly/
moderately oversold.
The Number of NYSE Stocks with Weekly Money Flow Turning Positive points
to a short-term price low next week at the latest : see Weekly Charts, attached,
page 4.
Updated DJIA/Pre-Election Year and NYSE ITI analogs (peaks in the 70%
range) still look relevant and also suggest a low now, or very soon (analog
charts, pages 2-3).
See Daily OB/OS Charts, attached.
Intermediate-Term (weeks/months): still positive
US intermediate indicators of breadth and momentum were all lower again week
-on-week at the close on Thursday, including NYSE, Nasdaq Composite and
Nasdaq 100 Intermediate Term Indicators, Money Flow of the Average NYSE
Stock and Percentage of S&P 500 Groups with Positive Money Flow.
Indicators accelerated lower again.
US equity indices all fell week-on-week at the close on Thursday. The DJIA and
Nasdaq 100 are both testing price support; the Nasdaq Composite is above next
price support.
See Weekly Charts, attached.
The uptrend from the October low is intact.
Key Takeaway : the intermediate outlook (weeks/months) for US equities
remains positive .