"McClellan Oscillator Bullish Divergence
Two weeks ago, I wrote here about the McClellan Oscillator leaving a "simple" structure above zero, which said that the bulls were not (yet) in charge. The major averages since then have pushed to a lower low, even as seasonality says that the uptrend is supposed to be starting again now. But as prices have made lower lows, the NYSE's McClellan A-D Oscillator is making a bullish divergence, which says that the energy is going out of the decline.
ALSO HIGHER FOR SPX!
McOsc Was UP?