NYMO McClellan Oscillator Daily Chart

NYMO printed +55 which is close enough for government work to identify a market top, or a near market top. There may be another bullish move higher to click in the +60 but it is just as likely that the +55 is good enough to start the bears moving lower. When the NYMO is over +60 that is a great sell signal (red circles) and when the NYMO drops under -40 and lower that is a great buy signal (green circles). Ideally, it would be great if the markets did move a bit higher which would offer further opportunity to exit longs and bring on shorts at more attractive levels. Regardless, NYMO shows that the bull rally is reaching its limits. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.