Wednesday, February 6, 2013

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The four hour DeMark TD Sequential is back again. The TD Countdown portion finished at 10 at yesterday’s close. To get to the final 13, the S&P 500 (SPX) needs to record a close that is greater or equal to the previous high two bars earlier. If this occurs consecutively, a fully qualified TD Sequential will finish halfway through tomorrow’s trading session. 

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The Aussie dollar and Japanese yen cross ( AUD/JPY) is a good measure of risk in the markets. If this turns lower and it looks ripe to do so, equity markets should follow. (updated mid trading day)

 

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2 Responses to Wednesday, February 6, 2013

  1. tom says:

    but 13 was days ago? in this post its not even started.why is that?

    • Art says:

      It’s a different time frame. The other 13 I think you are referring to is a weekly. Today’s post is for the 4 hour time frame which today is at a 11.

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