NYMO or the McClellan Oscillator has hit a very low point -hitting -103 today. This does not happen to often, the last time was November 23rd. Below is a chart of the return of SPY 1 day after NYMO was below 100 from October 2009-Today: From the middle of 2009 to now, 4 out of 9 times the market was up the next day after NYMO was below 100. With…
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