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.
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)