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Today we have a message from: NativePath

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SPX McClellan Summation Index (MCCSI)

• The MCCSI is used in technical analysis and can be used to identify bullish or bearish bias and the strength of the trend.

• It has turned down a few days ago.

• It is an excellent indicator for swing trading.

• However, it did not work in January-February 2024 and May-June 2024. While most stocks were correcting, Magnificent 7 stocks were still pushing up. These instances were rare distortions on the MCCSI.

• To learn more about MCCSI check this link: https://www.investopedia.com/terms/m/mcclellansummation.asp

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• Consider following me on X (former Twitter) in addition to the newsletter, as I often post valuable information there in real time between the newsletters.

• For example, I posted timely Bitcoin update yesterday.

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