Monday, November 25, 2019

SPX - Daily

Daily S&P 500 (SPX) Short Intermediate Term: Neutral
TD Buy Setup @2
TD Sell Countdown @13 (October 25, 2019)
TD Combo Sell @12

 

The daily S&P 500 (SPX) managed to get close to the 3135.94 TD Trend Factor last Tuesday, November 19 before selling off, and eventually *finally* recording a price flip last Thursday, November 21. The close last Tuesday, November 19, did not record a final TD Combo Sell @13. Since the DeMark price exhaustion signals were not fully realized, there are signs the SPX may attempt another upside pop to a new closing high since the daily SPX has not recorded a TD Combo Sell @13.


SPX - 2 day

2 Day S&P 500 (SPX)
TD Sell Setup @9 + 7 (Active)
TD Sell Countdown @11
TD Combo Sell @11

 

The two day SPX also has some upside room as both TD Sell Countdown and TD Combo Sell are two counts away from a 13. This scenario will weaken somewhat if the SPX closes below 3094.04 on Monday’s trading session.


SPXX - Weekly

Weekly S&P 500 INTERMEDIATE/LONG TERM: BULLISH
Bearish if weekly SPX closes below 3094.04 on Friday, November 29, 2019
TD Sell Setup @5
TD Sell Countdown (not active)
TD Combo Sell @4

Monthly S&P 500 LONG TERM: BULLISH
Neutral if monthly SPX closes below 2980.38 on Friday, November 30, 2019
TD Sell Setup @3
TD Sell Countdown (not active)
TD Combo Sell @2

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