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Another Bullish Sign

Sep. 04, 2019 3:35 PM ETInvesco QQQ Trust ETF (QQQ)TQQQ, DIA, IWM, SPY
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  • McClellan Summation Index is saying buy.

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Of the last seven times that the McClellan Summation Index formed a down-spike, six of them were followed by rallies in the SPX. The single failure was in November of 2018, in the middle of that serious pullback (chart below)

During the 2018 correction, our analysis showed that we were not at the start of a new bear market and that the bull market was not in the process of ending. As a result, our subscribers avoided the herd mentality of panicked-selling and the losses it created.

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