Tuesday, November 8, 2016

QUICK UPDATE: A powerful rally off the TD Buy Setup @9 sets up the S&P 500 (SPX) to break through the 2151.44 TDST Resistance level. If achieved, then a new all time high should be recorded. If that scenario plays out, then the SPX will record two price exhaustion markers – One on the weekly chart with a TD Buy Combo @13, and on the monthly chart with a perfected TD Sell Setup @8. This will suggest a breakout to new highs, then failure. We will try to track the steps as this has been weeks in the making. Of course, if the SPX fails to record a qualified break through 2151.44, then everything is wide open on the bearish side.


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4 Responses to Tuesday, November 8, 2016

  1. Gary says:

    Thank, Art. Counting on you to keep your head when all others are…

  2. p says:

    Thank you Art. Hope to see your take on the SPX 4-hour chart!

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