A fully qualified DeMark Sequential Sell Signal printed on the SPX Daily chart at the close yesterday at significant fib extensions. (Red 13).The TD Combination printed a day 11, and could complete before a turn (but it often stops on a 12). Next week catches a 1.328 time extension. NDX should print a TDSEQ 13 today. Wave and Hurst cycle analysis also point to a significant inflection area being reached.
These are the last of the major US indices to give these signals.
I'm having difficulty uploading a chart to picture the referenced. Sorry
ATB
Geo
SPX DeMark TD Sequential(TM) Sell Signal Daily Chart NDX likely today
Started by
Geomean
, Feb 10 2017 09:55 AM
4 replies to this topic
#1
Posted 10 February 2017 - 09:55 AM
Opportunity knocks on your door every day-answer it.
#2
Posted 10 February 2017 - 03:48 PM
More likely next Monday..............
#3
Posted 10 February 2017 - 04:25 PM
OE day
#4
Posted 14 February 2017 - 11:19 AM
I got a TDCombo 13 sell signal yesterday in both the daily and hourly charts of the SPX and wave 5's completing at multiple degrees. I count 5 waves down with a retracement underway so far. Very interesting set up here.
Opportunity knocks on your door every day-answer it.
#5
Posted 14 February 2017 - 12:39 PM
The more I studied this, it looks like the signals hit at the top of minor wave 3, if so we are in a 4, perhaps a zig-zag with the 5 wave down count in the 10 min
chart so it doesn't look like a good place for a trade, chop, chop, chop
chart so it doesn't look like a good place for a trade, chop, chop, chop
Opportunity knocks on your door every day-answer it.