Wednesday, December 14, 2016

QUICK UPDATE: The S&P 500 (SPX) recorded both a TD Sell Countdown @13 and TD Combo Sell @13 on the close of the session. They are also notated by the stacked blue arrows. Furthermore, another higher high spike during Wednesday’s session will ‘perfect’ the TD Sell Setup count. This is all happening the day before the Fed policy meeting. While the consensus is to see a rate hike, what comes after may matter more. During the latter part of the trading session will have the Fed Q&A with the press. For traders looking to lighten positions or taking a shot at shorting the market, many TD indicators are at its peak. If a selloff is more than rotational, the weekly TD Sell Setup on the SPX will have trouble recording a 9 count and fail.screen-shot-2016-12-13-at-8-45-31-pm

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