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| Cycle Update |
Thursday, May 7, 2015
150507-McClellan Ossicilator Update
The market bounced off of yesterday's oversold levels in the McClellan Oscillator. At the worst part of the day yesterday SPX was down to the -3 STDEV Bollinger Band and bounced. However the chart, and the daily candles don't look like this the market is forming a bottom here. At best I would expect the SPX to test the 200 day moving average which is 3% below today's close.
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2 comments:
George,
Long time no post! Are you back, or is this just a teaser?
Russ
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