NYMO McClellan Oscillator Daily Chart

NYMO shows the recent market tops with the red circles and the recent market bottoms with the green circles. Do you notice a pattern?  It appears wise to short the markets when NYMO is above 30 and to long the markets when NYMO is under -30. The dichotomy continues. The market consensus is up markets forever, but, an up move would be much more guaranteed if the NYMO was far lower. At the 63 level, the NYMO is actually saying this is a market top. Do you fade the Fed? 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.