#stockmarket WE update. My call last WE to buy in the 2H of the wk missed by 2 days. +7% wk & futures up again seems to be getting overheated. Clearly we have a break up of this DTL on #SPX futures, & now on Day 5 of 9 Demark sell set up. Trendfactor up lvls: 1x=3583, 1.5x=3673.. 
#stockmarket #SPX $SPY also will post Day 5 of 9 sell set up, which would come on Friday if the count is satisfied. Demark Trrendfactor up lvls to be mindful of: 1x up = 354.90, 1.5x=358.47
#stockmarket I posted this chart of the Smart Money Index last wk, as a reason to be concerned as it signaled the Oct peak. Still hovering near the lows but cluster of Demark 13 buys w/ 9 buy set up as well. Hopefully this turns up soon....
#stockmarket Stocks above the 200day w/ a nice rebound but will likely post a Demark 13 sell tomorrow and still below pre-Covid highs....
#stockmarket Ad/Decline Index posted a 13 combo sell and turned down in Oct, now a new Seq 13 sell recorded. Turning down here would be bearish equities....
#stockmarket Hi/Lo Index ricocheted off the white box support level I posted in the last WE update, as a reason to be bullish...
#stockmarket McClellan Summation Index overlaid w/ Demark signals called the turn last wk w/ the 9 buy setup. This was something I highlighted in the last WE update as another reason to be bullish NT...
#stockmarket last WE update I cited DMI's for the Indexes being negative as a reason to be concerned, well last wk's massive rally flipped them back to positive. thats bullish....
#stockmarket JPY move last last week was very strong but didnt bring the indexes down w/ it, hopefully it won't and now has a new Demark 13 seq buy - turning up here could add fuel for indexes to continue the rally....
#stockmarket #USD weakness last wk seemed to help the indices but possible Demark 13 buy this wk - any meaningful retracement here could upset the equity markets. needs to be monitored....
#stockmarket ValueLine Index posted a combo 13 Demark sell at the Oct peak and fell quite hard. Now on 10 count for sequential, and 13 sell likely to print this wk, also at a difficult lvl....
#stockmarket and lastly, #nasdaq is likely going to print a Demark 13 combo sell on the weekly chart to go along with the sequential sell from Oct. $NDQ similar....
#stockmarket concl: mkt still celebrating election clarity, but maybe a little too fast? Some of my indicators flashing yellow, & some Demark exhaustion on the daily charts could be reached this wk. For now enjoying the rally but staying selective & not adding tons of exposure.
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