The S&P 500 (SPX) has reached the 5244.63 TD Trend Factor. While this target price has been recorded, the time duration target has not. The daily SPX has an active TD Buy Setup @3. Therefore, the TD Trend Factor is not aligned price exhaustion measures of an 8 or 9 count on the daily chart. The default is to follow time duration. This leads to a TD Sell Setup @9 on Monday, April 1st. This will align with the 2 day timeframe which can record a 9/13/9 on April 2nd. The 3 day SPX can record a TD Sell Setup @9 + 9 on April 2nd. The 4 day TD Sell Setup 9 on April 3rd. If the 5244.63 TD Trend Factor does have significance, look for a price flip on the daily sooner than later, and manifest into the later timeframes. Confirmation that this extraordinary rally has terminated will see the SPX close below 5147.60. Warning if we close below 5174.67, the 30 minute TDST Support. Other than that bearish scenario, new data points will arise in the first week of April.
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Raghu on Monday, April 1, 2024 Art on Monday, April 1, 2024 Gary on Monday, April 1, 2024 Art on Monday, April 1, 2024 Steve on Monday, April 1, 2024 TD Sequential/Combo (not active)
Global SS SC CS BS BC CB Shanghai Nikkei 225 DE DAX FTSE 100 RTS Russia AR Merval Index Fut ES-S&P NQ-Nas TF-Rut Forex DXY-$ Indx $USD/¥JPY €EUR/$USD Misc Fut ZB-30y TBs CL-Crude HG-Copper Dow Indxs DJT-Trans DJU-Util SPDRs SPY-SP 500 DIA-Dow JNK-Hi Yld GLD-Gold XLF-Fins iShares IWM-Rut TLT-20y TB EEM-EmMk Stocks Apple Google Facebook Twitter IBM Bitcoin Coinbase MtGox - LABELS
- SS- TD Sell Setup
- SC - TD Sell Countdown
- CS - TD Combo Sell
- BS - TD Buy Setup
- BC - TD Buy Countdown
- CB - TD Combo Buy
- -Counts are daily timeframes.
- -Numbered entries are active counts.
- -Highest count is used for competing counts.
- -Notations in “R” specify the current count has been recorded and will remain there until there is a recorded reverse TD Setup.
- EXAMPLE: If the “SS” field is populated with a number, then the dominate count is TD Sell Setup. The corresponding “SC” and “CS” cells will give the depth of the trend with counts between 1-13 with 13 signaling a possible trend reversal. If the opposite fields, “BS”, “BC”, “CB” has a “R” entry, that means those counts have been recorded but there may be a risk TD Buy Setup (BS) can “recycle” into a new count. The “R” will remain until TD Sell Setup (SS) records a 9 count.
It will be interesting to see if the longer (weekly, monthly, quarterly) timeframe charts show anything of real note, Art. Looking forward to your analysis –
I’ll put together an update, but not much to add except this run could be historical, which is great and scary.