Monday, August 15, 2016

QUICK UPDATE: For the S&P 500 (SPX), the next set of price exhaustion signals can begin to show up on the weekly SPX at the end of the week. A weekly close above 2184.05 and a higher high 2188.45 should be enough to record a weekly TD Combo Sell @13 and the 2 week pullback (that’s what we will call it for now) window will begin. If the stars really align, the weekly price exhaustion signals may coincide with the daily SPX, as the daily is shaping up to possibly record 13’s during that same window.Screen Shot 2016-08-14 at 5.39.11 PMScreen Shot 2016-08-14 at 5.39.33 PM

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2 Responses to Monday, August 15, 2016

  1. Gary says:

    Art, do you see this as well?
    $NQ_F printed daily Countdown Sell yday w/ RIsk Level (i.e. “secondary exhaustion” / stop price) @ 4866. $QQQ

    • Art says:

      I had 13 countdown on Aug 12, and perfected 9 setup yesterday. Yes on the risk level. Also EEM daily hit a 13 on Aug 15 too. I think we’ll eventually shake this off and fulfill the weekly counts.

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