S&P 500 Teases 4300 Before Turning Lower | David Keller, CMT | The Final Bar (06.05.23)

Host David Keller, CMT tracks the S&P 500's test of the August 2022 high around 4300 as well as Apple's bearish engulfing pattern. He answers viewer questions on the McClellan Oscillator and technical approaches designed to project future price highs.

00:00 Intro
01:00 Greeting
02:27 Market Recap
13:06 Contact Us & Upcoming Events
14:17 Q1: The McClellan Oscillator works only with 1-year time frame. Why not shorter time frame?
17:38 Q2: How can I find out which equity has more potential to go higher?
21:32 Q3: What parameter was used to filter out signals on the McClellan Oscillator?
23:58 Q4: What method would you recommend for determining projected price/time for market peak?
26:41 3-in-3

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[owenbenson]

Please discuss the Volatility Contraction Pattern, VCP. How prevalent, and powerful?

[RussAbbott]

I think the question about time periods for the McClennan Osc. was to continue to use EOD data but to sum over, say, 6 months rather than a year.

[RussAbbott]

Why are sharp charts ever better than candlestick charts?

[RussAbbott]

I like your McClennan osc chart. But instead of sharp color changes when the indicator goes (and stays) above (below) zero, how about using color gradients. E.g., dark red for very negative; lighter and lighter red for less and less negative; no color for around zero; and darker and darker green for more and more positive. Everything would be done in gradients, e.g., no sharp breaks even between darker and less dark reds.