|Simple Trading Ideas||
The New York Stock Exchange McClellan Summation Index is a breadth indicator calculated from the McClellan Oscillator and based on the Net Advances. The Summation Index is simpy a running total of the McClellan Oscillator values. When the Summation index is positive and rising, it is bullish and the opposite is bearish. During a strong bull market the Summation Index stays positive for a long period of time. The chart below shows the NYSE Summation Index. As you can see it is in positive territory and rising.