The NASDAQ McClellan Summation index has risen very far, but nowhere we can see any sign of weakness.
So if you bet on a decline of this index – be very careful because timing will be very important as one rally is not equal to another.
So if you bet on a decline of this index – be very careful because timing will be very important as one rally is not equal to another.
Now let’s add another indicator: the MACD. Here we look to the NYSE McClellan Summation index. If the MACD rolls over, this indicator follows suit. And also precludes a trend in the index.
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