3 replies to this topic

[dTraderB]

Quiet McClellan Oscillator - Chart In Focus

"Most of the time, a very low reading for this 15-day range indicator is a great marker for a price top, because quietness in the stock market is a sign of complacency. Like any rule, there are exceptions, though, and the last two very low readings highlighted in red are good examples of how such exceptions can occur.

How low is low enough for this indicator is a reasonable question. The horizontal threshold line is arbitrarily drawn, using the LAR method (Looks About Right). Its purpose is to help the eye compare a current level to what "low" has meant in the past. I would not propose trying to create an automated trading signal out of such an indicator. This is information about a condition, and it is not a "signal" like crossing a moving average, or reversing a Price Oscillator.

It is still an important message to pay attention to, noticing the complacency it reflects for stock prices. Getting to a condition of complacency just as the slope of the uptrend is shallowing out, and the energy is going out of an advance, is a very typical prelude for a downward move."

https://www.mcoscill...lan_oscillator/

[dTraderB]

Impossible to post trades!

[redfoliage2]

Impossible to post trades!

Technical issues or something else?

[redfoliage2]

SPX closed the day at ATH.  But ES and NQ got sold after the cash market closed. Profit taking?

Edited by redfoliage2, 07 March 2024 - 04:46 PM.