At most cycle tops the McClellan oscillator tends to diverge as breadth deteriorates. If the market can continue to drift higher this week while the NYMO rolls over we will have the divergence that usually accompanies short and intermediate term tops.
Roughly 60% of the time the market does close the last week of the year positive so unless something unexpected happens we should probably continue to drift higher this week.
Gold Miners - What next?
8 months ago