Tuesday, November 19, 2013

NYMO McClellan Oscillator Daily Chart

Watch the NYMO zero line and the high and low readings to gauge market direction. The red circles show the zero crosses where the market move to the downside is confirmed while the green circles confirm an up move for equities. The last red circle on the right occurs yesterday but a day or two of follow through would be required (the -1.72 print is not convincingly under zero as yet). Markets top out as the NYMO ventures above +80 and higher and markets bottom under -80 and -100 and lower. The chart exhibits sideways triangle behavior so the commitment move, either below, or above, the pink lines, will lock in the direction forward.

When NYMO crossed the zero line in October, a stutter step occurs, like now. Whichever way NYMO goes, so goes the markets. 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.

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