Something worth keeping an eye on

Over on TF there is a discussion going on about the McClellan summation index but the thing that caught my eye was the McClellan oscillator, the way it behaves in counter tread rallies. The pattern seems to be like a coil that builds and ends with one last thrust higher marking the beginning of the next major leg down. If the current situation plays out the same way then the reversal day should come very soon.