McClellan Summation Index

Chart Courtesy of Worden Bros.

Note the positive divergence in the chart above.
Lower tops in the Summation Index while there are recent rising bottoms in the histogram in the lower window.
This together with the Fear & Greed Index of 9 posted on July 24,2015 is a recipe for a bounce.
A dead cat bounce or a real turn around rally?  This can be determined once a bounce occurs.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results