There's a unfamiliar technical indicator called "McClellan O...
There's a unfamiliar technical indicator called "McClellan Oscillator" just hit -100 yesterday.
In last 4-yrs, only 1 time did$SPXnot rally 4%+ within next 30 days after reaching such oversold level.
![There's a unfamiliar technical indicator called "McClellan Oscillator" just hit -100 yesterday. In last 4-yrs, only 1 time did[Share Link: $SPX]not rally 4%+ ...](https://ussnsimg.moomoo.com/feed_image/70046221/ba96b2ffd70638df8955076ba726ebe0.jpg/bigmoo)
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102544176 : Wad does it means pls enlighten
Detachment-Delta OP 102544176 : The McClellan Oscillator offers many types of structures for interpretation, but there are two main ones.
First, when the Oscillator is positive, it generally portrays money coming into the market; conversely, when it is negative, it reflects money leaving the market.
Second, when the Oscillator reaches extreme readings, it can reflect an overbought or oversold condition.
sTone83 : These are all auxiliary reference indicators. When you abandon the main indicators (structure, price, trading volume) and use these auxiliary reference indicators as the basis for trading, it will cause a lot of unnecessary trouble![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Detachment-Delta OP sTone83 : agree