The NYMO, the McClellan Oscillator, is down in the basement expecting a relief rally to begin for the US stock market. The green circles show recent important bottoms all corresponding to the low NYMO readings especially sub -60. It's a Long Way to the Top if you wanna rock 'n roll. It's a lot harder than it looks. The 1960's and 1970's were a music paradise. 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 Wednesday Evening, 4/9/25: The SPX starts the day soggy dropping to 4835, then King Donnie balks with his trade and tariff war placing the drama on hold for 90 days, so the S&P 500 catapults higher to 5457. Keystone exited the quickie index long trades and is now not holding index plays long or short. You cannot pass up those gains made in a day or two. It is time to let the indexes breathe and the smoke to clear. Today's powerful bull move should continue higher in the daily time frame. Ditto the 2-hour time frame so that tells you there is no top on tap for the stock market until perhaps late tomorrow or on Friday. The charts will tell you. But that pullback will only be a day or so since the daily time frame will still be long and strong. A playable top may be a few days ahead, say, the middle of next week as a guess. Simply watch the charts.
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