The window for the chance of a deep retracement has begun with TD Combo Sell recording 13’s on many indices, but the path is not clear. Using the S&P 500 e-mini futures (ES), there are three primary scenarios: The first and the easiest is for prices to continue dropping from here. The second is the market rises to record the final TD Sell Countdown @13 (currently at @10) followed by a market sell off. To reduce ambiguity, the closing price of the TD Sell Countdown should occur below the 200 day moving average, followed by a bearish price flip. It’s acceptable for the TD Sell Countdown to record a 13 above the 200 day MA. It’s just clearer if it doesn’t. The third scenario is a bit trickier since it involves a possible bullish blowoff top. Any trade above the 200 day MA can set off a short squeeze run to a final TD Sell Setup @9. TD Sequential has great predictability qualities, but these scenarios requires a bit more day-to-day scrutiny.
S&P 500 (SPX) SHORT TERM OUTLOOK: BEARISH
Neutral if SPX closes above 2690.01 mid-day on Monday, February 11, 2019
S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL
Neutral until further notice
S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: NEUTRAL
Neutral until further notice
S&P 500 (SPX) LONG TERM OUTLOOK: BEARISH
Neutral if SPX closes above 2711.74 on Thursday, February 28, 2019
Do you have a combo indicator for ToS? All I can find is their sequential counter which has the setup and sequential. Would love to have the combo on there too.
I don’t think TOS has one, but I know I’ve seen one on Trading View.