#stockmarket Last WE update I discussed dialing back on equities & despite + vaccine news the #SPX was down .77% for the wk. Risk still remains to the downside IMO, although can't be too bearish until we break the ranges. $SPY flag or lower high? ... 
#stockmarket marked white circles (above) are showing heavy volume distribution days since Sept is not bullish. But for now the supply is getting absorbed. The Demark chart shows Day 2 of a price flip down following the completed 9-13-9 sell, and closed <5day EMA....
#stockmarket On the flip side, if $SPY can take out this flag to the upside, Demark propulsion up is active w/ a $390 tgt. If that happens, I would first measure any move w/ trend factor projections (367.44, 376.40, 385,37 - see red boxes)...
#stockmarket but if $SPY breaks lower, downside Demark Trendfactor lvls (white boxes) are in play to measure the move: 354.10, 344.12, 334.41, 324.98....
#stockmarket The #Dow is still above its B/O lvl but closed below the 5day EMA and looking vulnerable. Needs to hold here otherwise I would think fills the gap below....
#stockmarket The Russell actually looks the most constructive despite having printing Demark exhaustion last wk (Seq 13 sell). Higher RSI on the recent B/O, now flagging above 3 B/O zones and closing near the highs on Friday vs the major indexes closing on their lows....
#stockmarket #nasdaq looks fairly undecided - now in a narrow boxed range after a series of failed up moves. Question is do we break up or do we break down?
#stockmarket Bberg most short growth index has performed better than the FANGS recently but now w/ Demark 13 sells and negatively diverging RSI. Breaking down here would be bearish the Naz....
#stockmarket Smartmoney index, something i've highlighted multiple times, can't seem to get going and a big warning sign IMO. Corroborates my 1st slide w/ SPY distribution days. Bulls need to see this turn up....
#stockmarket McClellan Summation Index overlaid w/ Demarks (insanely good track record of calling mkt swings), posted a 9 sell last wk w/ a Combo 13 sell looming (could print by Tuesday). Turning down is bearish....
#stockmarket no surprise but still seeing the rotation theme play out as equal weight #SPX forging a new swing high last wk, and highest since Jun....
#stockmarket As posted last wk, the $VIX weekly could post a seq 13 buy this wk w/ a close below 22.41. Aggressive Sequential 13 buy did post last wk (usu this signals reversals early) so being hedged here not a bad idea since vol is getting cheap)...
#stockmarket as mentioned last wk the $VXX did post a Demark 9 buy, to go along with its massive falling wedge. the continuous $VIX contract also posted a 9 buy. Last 9 posted in the $UXA saw the VIX ramp +20%....
#StockMarket Lastly, the $VXX weekly may also print a Combo 13 buy this wk to go along with the Seq 13 buy from 4 wks ago (weekly signals are good for 12 price bars)...
#stockmarket Concl: I encourage reviewing my last WE update as most of the signals posted are still in play. I've added a few this WE & weight of the evidence still keeps me cautious. + seasonality is still in favor for the bulls and price has not broken down....
Price is paramount, so unless key levels are broken (up or down), I remain fairly hedged, heavy cash and trading selectively. Enjoy the rest of your Sunday. @threadreaderapp unroll
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