Thursday, July 27, 2017

QUICK UPDATE: The S&P 500 (SPX) has now recorded both TD Sell Setup @ 9, and TD Sell Countdown @ 13 on the daily chart. With new highs everywhere on various indices, and the weekly chart price flipped bullish, any pullback could just well be temporary. A bearish stance will be considered if the new TDST Support at 2425.53 can be challenged or if the weekly SPX can record a bearish price flip.

spx - daily


 

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2 Responses to Thursday, July 27, 2017

  1. Gary says:

    Art, what would constitute a bearish price flip on the weekly timeframe?

    Also, for those interested in individual stocks, MCD has completed a 9-13-9 monthly Sell Setup; on the weekly there is a “clean” 9-13 Sell Setup (i.e. no Sell Setup overlapping the 13).

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