agree sometimes bullish sometimes bearish tops.
In the last 3 cases it did mark a strong move upwards. But
one topped and went back down. But work Tom McClellan has
done on the Breadth Thrust since the 1920ies to 2015 showed a 50/
50 result.
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$SPX MCCellan at very high
Posted by elliotw on 10th of Jan 2019 at 07:56 pm
$SPX MCCellan at very high levels, only seen 3 other times in last 12 years
What do you make of
Posted by tgo5043 on 11th of Jan 2019 at 07:47 am
What do you make of it elliot12? Seems sometimes bullish but at times it’s bearish ( top) .
agree sometimes bullish sometimes bearish
Posted by elliotw on 11th of Jan 2019 at 08:47 am
agree sometimes bullish sometimes bearish tops. In the last 3 cases it did mark a strong move upwards. But one topped and went back down. But work Tom McClellan has done on the Breadth Thrust since the 1920ies to 2015 showed a 50/ 50 result.