Monday, December 30, 2019

3 Day SPX

3 day S&P 500 (SPX) 
TD Sell Setup @6
TD Sell Countdown @9
TD Combo Sell @13 (December 26, 2019)
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The Santa Claus rally has lived up to the its billing, and if the traditional dates hold, it should conclude on the close of Friday, January 3rd. Coincidentally, the longer term S&P 500 (SPX) timeframes will experience the next round of DeMark price exhaustion starting on Monday, January 6th through January 13th. The ideal dates are January 6-7. Here is the process to come to that conclusion: Again, the three day SPX can record a price high via TD Sell Setup @8 and @9 from January 6th to January 13th. Now, observe the TD Sequential for the two day SPX…


SPX - 2 day

2 Day S&P 500 (SPX) 
TD Sell Setup @6
TD Sell Countdown @13 (November 26, 2019)
TD Combo Sell @13 (December 17, 2019)
—————————————————————————————————————————————
The two day SPX timeframe can record a price high via TD Sell Setup @8 and TD Sell Setup @9 from January 2nd through January 7th. Between the two day SPX and the three day SPX, the commonality is January 6th and January 7th. Drilling down to the daily SPX…

SPX - Daily

Daily S&P 500 (SPX) Short/Intermediate Term: Bullish
Bearish if SPX closes below 3224.01
TD Sell Setup @9 + 6
TD Sell Countdown @13 (December 13, 2019)
TD Combo Sell @10

 

For the daily SPX, it is slightly more involved. There is a target price as suggested by the 3292.85 TD Trend Factor. Currently, the daily SPX has recorded a TD Combo Sell @10. It is reasonable to anticipate a TD Combo @13 during the same January 6-7 time period – especially if it is at the 3292.85 TD Trend Factor. It would be ideal if the SPX can record three consecutive higher closes and higher highs leading up to TD Combo Sell @13, followed by a classic blowoff top on the opening. Updates that might alter this scenario will be provided as necessary.


SPX - Weekly

Weekly S&P 500 Intermediate/Long Term: Bullish
Bearish if weekly SPX closes below 3153.63 on Friday, December 27, 2019
TD Sell Setup @9+1
TD Sell Countdown @2
TD Combo Sell @8

 

The weekly SPX has already recorded a TD Sell Setup @9. As long as the weekly does not close above the 3282.50 TD Risk Level, a potential reversal is still intact.


 

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