It might still need a smaller c wave down. Left shoulder right now seems much more complex than right shoulder

Was about to say the same thing. Some demark signals on SPY and QQQ 60 min also suggests some rest before decisively breaking the flag.

Actually my data shows 3 consecutive close below lower BB for $NYMO and $NAMO. I think it's a very good RR trade to long SPY and QQQ now. those 4, 5 (I don't believe I have seen 6) consecutive closes below lower Band generally happen in very strong downtrend.

Agree. $VVIX seem to close above upper band for second day as well. $VIX might close above for the first day if market stays low.

Yes pretty sure matt and steve use it as well. In extreme cases we couple see 3, 4 or 5 days below lower BB. But those usually occur in strong downtrends like last September,

Yup and I have some real time estimated number for today.

If we close here or lower, $NYMO will be below lower BB for second consecutive day. Seems good RR for me.

If we close here or lower, $NYMO will be below lower BB for second consecutive day. Seems good RR for me.

Correlations between spx and $vix/$vvix both dipping below 0 (uncorrelated). Does that signal end of consolidation or deeper pullback that's another question.

Crazy action. Maybe Matt's short system will exit at positive numbers.

Wow a very innovative indicator

Hi James, by tomrrow you meant tomrrow afternoon market close?

Thanks. Really appeciate everyone's effort.

Matt I know how to use that feature. I was not complaining. Just some personal feedbacks that I thought may save you and Steve sometime. Not a big deal for me to just listen to portion of it.

Hope you feel better soon.

Matt said he was under the weather yesterday so maybe that's why he did not cover the systems.

I have no compliants about the system but as a member for 5th year now, I personally would prefer the newsletter to be a bit more 'clear cut' and concise. Just give an example, David Ryan a few weeks ago said something like 'trading rally now underway to 410 SPY' and that's it. I feel like our newsletter always have so many bull & bear cases.

This is also the longest report I subsribe to and I think it can definitely be made more concise which will be good for Matt/Steve as well. like someone else said, sometimes there is a 30 min talk about the systems.  Thanks everyone.

looks like a B wave still?

Does Mark Newton still work for Tom Lee?

Followed him for a while before he joined Lee. Maybe slightly above average but not great. He knows Demark systems quite well though it seems.

Yes I was just talking about Andrej Karpathy (who co-founded openAI) with my friends this afternoon. Andrej was essentially the father of Tesla's AI and Autopoilot. Dude is only 36 year old, unbelievably successful.

wow that sounds very exciting Matt. I think for traders in front of the screen all day, a dashboard will be a great idea.

Minervini even has an app for his clients to receive notifications.

Deemer has 50+ years in technical analysis working under Bob Farell's TA department so definitely legit analysis. Just every signal eventually has failures.

Hahaha this will be a true testing for TA vs News. Excited about seeing the results.