S&P is coming into another decision point tomorrow. The DeMark four hour sequential counts has been perfect since the lows back in June. So if the smaller DeMark time frame is successful in leading a short term bull trend, there is hope the much bearish looking daily count can be averted for awhile.
Here is the updated daily chart. The 1400 SPX level is more than a round number psychological number. Both the four hour and the daily DeMark have almost identical TDST support around 1400 so we can see how another leg down is probable if breached.
My position sizing is still at 25% long from what I added yesterday. If the DeMark four hour holds true, I will ramp up the longs up to 50%. If the DeMark four hour count turns bearish, my stops will be invoked which lies around 1400 SPX.