Earlier sell signals on daily and weekly time frames has not triggered the expected sell signals. This should not surprise much as we have been aware of the monthly sell setup that now is coming to completion. In my earlier analysis I expected a short term sell off following the weekly sell signal but always emphasized that the monthly set up had to complete before we see a serious correction... According to T. Demark based technical analysis, the SPX is now on a 13 monthly bar of a TD-sell countdown, we should still witness some euphoria into a Christmas rally in a final wave up. Nevertheless what is manifesting in the monthly chart should not be ignored, we are few days / weeks before a sizable correction starts. Trade wel ;o sp500daytrader
@SP500daytrader according to your latest post, should we see SPX going 2700 first before dropping to 2300? Thanks.
greg.babayans
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I believe this correction is long overdue.
OsherElias
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This is correct and compatible to my astrology overlooking. Nevertheless the natal chart of Nasdaq as I've introduced in attached video is similarly to planets position in 1929 (even that nasdaq just have born in 1971).
Worth a look: