Daily S&P 500 (SPX) Short Intermediate Term: NeutralTD Buy Setup @2TD 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.
2 Day S&P 500 (SPX)TD Sell Setup @9 + 7 (Active)TD Sell Countdown @11TD 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.
Weekly S&P 500 INTERMEDIATE/LONG TERM: BULLISHBearish if weekly SPX closes below 3094.04 on Friday, November 29, 2019TD Sell Setup @5TD 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