Osikani Yesterday 04:39 PM
Today's SPY update.
With a confluence of TDSequential/Combo sell signals, the early morning weakness in the market internals, coupled with a gap down, seemed to indicate a bearish turn to come. It was not to be, as the market turned, and despite contimued weakness in the market internals, the day closed up with all the mathematical indicators still showing us in bull mode.
http://screencast.com/t/YmE3Njc5ZTkt
We still have a remarkable confluence of TDSequential/Combo sell signals:
1. TDSetup sell 9 today,
2. TDCountdown 13 of previous sell setup today,
3. TDCombo 13 sell yesterday !
In a normal market, one would get ready to go really short right about now. In this market, we might need to hold our horses, especially as the mathematical indicators do not confirm the DeMark picture.
We are still between the TDSuppy and TDDemand lines. If one is bearish it might be prudent to sit-on-hands, and wait for a qualified break of the TDDemand line before going short: the chart still says the bulls have it for now.
DDT here
| 11/18/2009 Futures approx. BO |
|
|
| Daily Range Projection | Low | High |
| /ES | 1103.75 | 1112.75 |
| SPX | 1106.11 | 1114.59 |
| /NQ | 1801.50 | 1818.25 |
| NDX | 1804.80 | 1819.45 |
| /DX | 75.150 | 75.960 |
Has anyone seen this video?
