Monday, October 19, 2015

On the daily chart of the US Dollar Index (DXY), TD indicators are showing another bottom. A formalized TD Buy Setup @9 recorded just above the TDST Support at 94.059, signaling downside exhaustion. This will likely translate into more of same range bound trading that transpired earlier this year, despite the Fed backtracking on an interest rate hike. One particular catalyst can come from economic releases from China this week. If the DXY continues lower, watch the 94.059 TDST Support level. That will be the ultimate determination DXY is finally taking a different path. Screen Shot 2015-10-17 at 10.37.24 PM


S&P 500 (SPX) SHORT TERM OUTLOOK: BULLISH

Back to neutral if SPX closes below 2023.84.

Screen Shot 2015-10-16 at 8.55.23 PMIf the 4 hour SPX continues to trend higher, then the primary indicators are TD Sell Countdown and TD Combo Sell. Once they achieve their “13’s”, then potential bearish positions will be considered.


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: BULLISH

Switch to neutral if SPX closes 2003.69.

Screen Shot 2015-10-16 at 8.37.13 PMNote the <***> notation in the above daily SPX chart above. That candle closed below 2013.11, which essentially cancelled the TD Sell Setup. However, visually, the trend is showing solid momentum to the upside. With that in mind, we will assign that “almost” recorded TD Sell Setup as a phantom TD Sell Setup. This will only be of interest if 13’s on the phantom count are placed in close proximity with the current TD Sell Setup..


S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: NEUTRAL

Neutral until further notice. 

Screen Shot 2015-10-16 at 6.37.34 PMAlthough the SPX successfully tested the 1850.61 TDST Support, the absence of any recent recorded TD Setups in any direction supports the neutral stance.


S&P 500 (SPX) LONG TERM OUTLOOK: BEARISH

Switch to neutral if SPX closes above 2063.11 on Friday, October 30, 2015.


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