The NYMO, McClellan Oscillator, warns that the stock market will top out in the near-term when it moves above +60 and tells you of a near-term bottom at hand below -60.The green circle is the March bottom and the red circles are the tops. What do you think will happen?
The prior four selloffs were 660 points, 490, 610 and 530 points for an average of 572 points. Since complacency and lack of fear is rampant in markets, which was not the case for the four prior tops, the drop would be expected to be greater. If 572 points is taken off the 11603, that is a -5% pullback. Thus, stocks will likely peak-out at any time now and drop from -5% to -10%, so you have to decide if you are willing to endure this pending pain if long.
The stock market continues to be propped up by ongoing global central banker money-printing for over 11 years. The central bankers are the 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.
Note Added 2:56 AM EST on Thursday, 5/28/20: The NYMO pops to 81.58 on yesterday's rally. The near-term top is so close you can smell it. Can you smell It?
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