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.

And see here how you can get monthly updated long-term trend signals for 16 markets. Find out which markets are still trending up.