Here is my $0.0002 worth regarding NAMO and NYMO. Notice how both indicators kept bouncing in and out of o/s (low) areas during the latest correction, I think the same is going to happen on the o/b (high) zones until the trend changes back to down after the elections and/or the inv. h/s pattern on SPY daily and 2 hr. plays out.
HH
"Think of only three things: your God, your family and the Green Bay Packers-in that order." Vince Lombardi
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.