Don't Ignore This Chart

Watch the Rising Trend Line on the NYSE McClellan Summation Index

The NYSE Summation Index ($NYSI) has been rising since the latter part of November and recently exceeded its September high. The trend here is clearly up with the November trend line marking first support. Even though the summation index flattened over the past week, it has yet to break this trend line and reverse the medium-term uptrend. You can read more on the McClellan Summation Index in our ChartSchool.

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