Monday, July 9, 2012

NYMO McClellan Oscillator Warning Follow Up

On July 3rd last week, I posted the NYMO McClellan Oscillator which was pointing to a pullback coming for the market, here's the update to the chart, clearly the chart has played out as the SPX has pulled back 30 points from last weeks high on July 3rd.

Keep this chart as a useful trading tool going forward, as you can see it is useful for marking tops and bottoms

Post from July 3rd

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