NYMO NYSE McClellan Oscillator Daily Chart

The green circles show market tops and the red circles show market bottoms.  Keystone posted this chart when the -100 print occurred indicating rally time.  This market rally over the last two weeks took the NYMO up to the green bar which then resulted in a market sell off last Thursday but then Friday the markets popped higher on the E.U. Summit news.

The current 17 print is directly on top of the green bar more consistent with where a market sell off should be expected. If the sell off occurs today as futures indicate, the chart will need monitored to see if NYMO prints values down towards -40 or lower which will signal rally time again. To sum up the charts thus far, if the NYAD can drop back down to the -2400 area, the CPC move up to 1.2-1.4 area and the NYMO move down to the -40 area, those three would signal the next market rally is about to begin. Of course, the markets would need to sell off to set this scenario up.  Trading, like billiards, requires you to continuously think about the next steps ahead. 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.