There is a TD Sequential Buy Setup of 9 days down today.
This implies that next week "could" see a bounce but it's not
a guarantee. Yesterday was a close below TDST Support =
2097.90 which is a negative. Unless the $SPX can go back
above 2097.90 and stay there the likelihood is that we will see
lower prices ahead. Sometimes prices bounce back and forth
above and below TDST levels before finally choosing a direction.
Time to be careful.
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$SPX TD Sequential Buy Setup 9:9 days down
Posted by Denis on 4th of Nov 2016 at 09:26 am
There is a TD Sequential Buy Setup of 9 days down today. This implies that next week "could" see a bounce but it's not a guarantee. Yesterday was a close below TDST Support = 2097.90 which is a negative. Unless the $SPX can go back above 2097.90 and stay there the likelihood is that we will see lower prices ahead. Sometimes prices bounce back and forth above and below TDST levels before finally choosing a direction. Time to be careful.