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S&P 500 vs McClellan Indicators - Red Flag SPX is riding above on top of the upper Keltner channel. At the same time, the swing trend indicator, McClellan Summation Index, is positioned for a change of trend. McClellan Oscillator says there is something not right with this SPX move. Where is the breadth?

Published May 14, 2026Updated May 14, 20262 min read
S&P 500 vs McClellan Indicators - Red Flag SPX is riding above on top of the upper Keltner channel. At the same time, the swing trend indicator, McClellan Summation Index, is positioned for a change of trend. McClellan Oscillator says there is something not right with this SPX move. Where is the breadth?
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