These indicators are a couple that I like to look at for evidence of potential market tops and bottoms. When used as part of your technical analysis strategy, they can be quite useful.
I like to look at the new high new lows to see if the market is getting to a level where it has turned down from previously. As you can see here the it is at that level now so you would not want to be looking for a reversal sometime soon.
The McClellan indicator shows the rate that money is entering or leaving the market.
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