Note the higher prices for the NDX100 are NOT matched by a consistent higher reading for the McClellan Oscillator (Lower Chart).
The Oscillator is a measure of the 'internal' strength of the index.
Virtually no change now for the McClellan. Friday's market action becomes interesting,as a negative close and potentially a 'flat' week for the NDX100 sets up for the correction so many have been calling for.
