Thursday, December 8, 2016
NYMO NYSE McClellan Oscillator and SPX S&P 500 Daily Charts Signal Near-Term Top At Hand
The NYMO high a couple weeks ago creates the spank down in stocks, however, the Trump rally and central banker intervention will not allow any significant pull backs in equities and stocks continue melting higher. The NYMO is back at 60-ish consistent with levels where a near-term top occurs for stocks. The red circles show stock market tops while the green circles show stock market bottoms. What do you think will happen? 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.