NYMO McClellan Oscillator and NYA NYSE Composite Daily Charts

Here is another update for the NYMO chart. Look at that. The McClellan Oscillator is plumbing the depths. There is not much further it can move lower. The NYMO is at an extreme negative reading almost -90. The green circles show where stock market bottoms occur. What do you think will happen? Each of the the prior three rallies were from 300 to 900 points of upside for the NYA (which would be a +3% to +8% upside relief rally for the stock market). 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.