SPX vs McClellan Summation...Update

McClellan Summation (top) vs SPX (bottom)

The last time these charts were posted was on April 20, 2011 and March 15,2011...
It would be a good idea to reread those posts before you look at these charts...

So far the McClellan Summation Index is still descending...On April 20th we mentioned that the Index had turned up...Since then it turned down again and did not breach the descending trend line...

We are still waiting to see if this Index is going to drop down as it did in 2001 (see 2001 chart on the April 20,2011 post)...

Past performance is not indicative of future results.