For clarity, are you referring to your ScoreWatch subscription? If so, check the date of the alert. You may have received it today, but it could have been off something that changed yesterday. IME, the alerts often come inside a day or two, and sometimes even the same day of that event (e.g. inquiry, new account, balance increase, etc.). But it's always worth it to pull up the alert within the ScoreWatch subscription and see when that was dated in relation to the new report you pulled.
Credit alerts like the balance increase, added accounts, etc., come frequently as mentioned. They are monitored daily but sometimes there's that day lag time I just mentioned and the source of that is EQ. Score alerts are different. Your score is monitored every week. However, in a major event like what you experienced (sorry for the 120), you'll get a score alert inside that week and would be paired with a credit alert. Out of curiosity and if you are open to mentioning, what happened? In the short of it, the alerts would have come inside a day or two at the latest. A 120 drop would mean something major happened like an added account. Now I don't know if the alert was voided out with the report pull. IME, for score alerts, it does get cancelled out...because I'm alerted to it with the new report pull.
Be sure to read the ScoreWatch Guide found stickied here somewhere. SW does not alert you to dropped balances, dropped accounts, dropped inquiries, dropped lates, and the like. However, if a score changed as a result of that and your target score is correctly set to catch it, then you'd get alerted to any score changes inside that week period assuming nothing on your CR triggers a credit alert.
