The NYSE Composite Index, NYA, prints a new record high at 13839. Traders sing praise to the Federal Reserve for providing QE, that Chairman Powell says is not QE, starting 10/11/19. You can see the Q4 moon shot in the NYA chart.
The NYMO is at 42 where the stock market topped-out in late June early July. The NYA fell from 13250 to 12500, 750 points, -6%, in only a couple weeks time. The red lines shows that a move for the McClellan Oscillator above +55 basically guarantees a top (although a top can occur anytime above +40). The green line and green circles show tradeable bottoms especially at the -55 level and lower. What do you think will happen? What are you doing to prepare? 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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