McClellan Oscillator - The Market Needed to Reduce Speed as Anticipated

In the middle of the euphoria, technical conditions anticipated last week's pullback - Key elements to analyze the current bounce.

The week that just ended proves the relevance of technical analysis. There was a favorable reaction to presidential elections and the FED cut rates, the euphoria was on, however, last week the Dow Jones fell -1.24%, SP500 -2.08%, Nasdaq100 -3.42%, and the Russell2000 -4.05%. The warnings were mentioned in this publication!

Last week we studied the Fear a…