Friday, March 22, 2024

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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2 Responses to Friday, March 22, 2024

  1. Gary says:

    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 –

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