We're proud to announce our latest charting indicator for www.Tradingview.com. The McMillan Spike-Peak Index Buy Signal is a must-have tool for both the active trader as well as the longer-term investor. These long-only signals provide timely entries in both up-trending and down-trending markets. The active trader can utilize these signals in the way McMillan has for well over 20 years -- through the use of leveraged options trades.
But we here at McMillan Analysis Corp. are most excited about the opportunity to bring this tool to a much wider audience. To put it in the hands of the long-term investor, the Robinhood long-only stock trader, and the 401k allocator extraordinaire. We believe these spike-peak buy signals provide an unprecedented signal to rebalance portfolios.
The signals were originally designed for the S&P 500. However, given the major U.S. indices are so highly correlated, you should think of this as a U.S. stock market buy signal.
With a subscription to the TradingView indicator, you will be able to plot these buy signals on any chart you open on the TradingView platform (through, we'd reiterate, these buys signals are designed first and foremost for the S&P 500). Beyond that, you will receive an alert direct to your email every time a signal occurs. This allows even the passive user who isn't on TradingView everyday to be able to action as soon as a signal occurs.