The $nymo is based on the $NYA nyse, which is declining like the
rut and small caps. If the nymo below the botton BB is
indicating a pop in the market, then its possible maybe the small
caps, Rut and nyse have a quick rally taking the SPX and qqq even
higher as you indicated as of May 2020 . At least for a day or
two.
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The $nymo is based on
Posted by elliotw on 22nd of Aug 2020 at 09:14 pm
The $nymo is based on the $NYA nyse, which is declining like the rut and small caps. If the nymo below the botton BB is indicating a pop in the market, then its possible maybe the small caps, Rut and nyse have a quick rally taking the SPX and qqq even higher as you indicated as of May 2020 . At least for a day or two.