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Strategies & Market Trends : General market lab and commentary
SPY 679.70+0.7%4:00 PM EST

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From: Robohogs2/29/2016 7:47:58 AM
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Meisler's nazz oscillator printed highest high since 2013 last week - yes means overbought but also a postive convergence with price, and likely meaning it will need to be retested the next time the oscillator resets and moves higher, say in 4-6 weeks. That ties in with seasonality here. The only way it retests again is with a broad move - of course mkts could crash first! No, this is likely good near term news.
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