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McClellan Oscillator

Short- to intermediate-term momentum breadth indicator. The McClellan Oscillator fluctuates between an oversold level below -100 and overbought territory above 100. Short-term buy and sell signals are given when it crosses above or below its zero (flat) line.

$BKX – Bank Index

Of course, everyone’s looking forward to May 4th to see what happens with the banks. Still, a chart is a chart 🙂