DeMark defines a price flip as a close higher/lower than the closes of the prior 4 days (if looking at that time frame). 2738.97 was the close on Thursday, March 8. So if the SPX closes below that today, (or below Friday's 2786.57 close tomorrow), then sell signals that triggered previously in the hourlies and posted last week will be confirmed by the dailies for less aggressive traders (or be a signal to add for more aggressive traders). $INDU is already trading below its close of last Thursday.
An IT here would conform to the Hurst projections of a cycle high around now. The Jan high is tentatively being labeled as 18 month high. The February low in bonds likewise is being labeled as at least a 20 week low, and perhaps greater.
Edited by Geomean, 14 March 2018 - 11:01 AM.
