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What Jim Cramer's Favorite Indicator Is Now Saying About the Stock Market

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The S&P Oscillator Index is an indicator used by traders who conduct technical analysis and can signal where the stock market is headed, demonstrating the current sentiment in stocks.

Technical traders who are searching for data to help them conduct research for market moves can use this index, which TheStreet's Jim Cramer has been using religiously since the 1980s.