Monday, April 15, 2019

SPY - DailyEquity markets are running out of time to show a bearish turn. Despite some brief bearish moments, the overall S&P 500 ETF (SPY) is still trending upwards.  The timing of any downturn will need some recalibration if the SPY closes two days in a row above 290.45, the daily TD Risk Level (SPX equivalent is 2911.12). Trading above the TD Risk Level begins the process of discarding the previous TD Sequential in favor of the active TD Sequential. Furthermore, trading above the weekly TD Risk Level (SPY @292.34, SPX @2913.85) and closing above it two weeks in a row indicates even further bullish scaling.


S&P 500 (SPX) SHORT TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2888.30 at the close of Monday, April 15, 2019

SPX - Four Hour


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2888.30 at the close of Monday, April 15, 2019

SPX - Daily


S&P 500 INTERMEDIATE/LONG TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2800.71 at the close of Thursday, April 18, 2019

SPX - Weekly


S&P 500 LONG TERM OUTLOOK: NEUTRAL

Neutral until further notice

SPX - Monthly


 

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3 Responses to Monday, April 15, 2019

  1. Gary says:

    Art, is your comment “two closes above the risk level” a DeMark rule if you will, to confirm a break of the risk level?

    • Art says:

      It is not a DeMark rule. I apply it on my own in context with active TD Sequential counts. It’s applied the same way with TDST Support/Resistance levels.

  2. Gary says:

    Got it – thanks

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