ARTICLE SYNOPSIS...The McClellan summation index for the NYSE just completed a bearish divergence, and traders got the confirmation as it crossed below the 10-day moving average triggering a bearish signal. Meanwhile, the summation index was also grinding through a bearish
ARTICLE SYNOPSIS...The McClellan Summation Index for the NASDAQ hit resistance, and traders should watch for a moving average crossover to trigger a bearish signal.
ARTICLE SYNOPSIS...The McClellan summation index of the NYSE is diverging with the NYSE Composite. The summation index gave a much earlier crossover signal than many other trend-based indicators such as the MACD, giving some advance warnings of an upcoming reversal.
ARTICLE SYNOPSIS...Comprehending the markets should start with understanding how these stalwart indicators are calculated.