Technicals - ASX200 index / US indices technical buy signals generated

The three key US indices have generated technical buy signals in rapid succession. The S&P500 and Dow Jones generated buy signals last night and the Nasdaq generated a buy signal on 15/9/15. This is a strong positive momentum indicator for the US market outlook. The previous occasion that US index signals were generated in a cluster was on 29/6/15 when the S&P500 and Dow Jones indices both generated technical sell signals (which was followed by the Nasdaq a few weeks later). These sell signals were accurate in identifying the major downward move in the US market which followed. The ASX200 index generated a technical buy signal on 9/9/15, and despite the subsequent pullback, the positive technical outlook has remained intact. This is the first time since the technical sell signal was generated on 20/4/15@5833 that a re-entry buy signal has been generated and the ASX200 index technical outlook has turned positive. There has also been a heavy concentration of financial stock buy signals generated over the last two weeks.