at the morning lows we also had a Demark 13, those don't show of
that often. For Demark 9 and 13 are the important ones
On the daily charts you don't see 13's too often on sell offs,
if you do the market is extremely stretched - see this image of IWM
back in 2018 fall sell off
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On the TICK chart you
Follow up on inverse ETF's nice moves
Posted by matt on 25th of Mar 2021 at 11:57 am
On the TICK chart you can see how price went back above that zone, then it acted as support on the pullback
updated view, moved up to
Posted by matt on 25th of Mar 2021 at 12:29 pm
updated view, moved up to that next TICK level - over 20 SPX points if you bought that retest of the TICK lines.
as I've been saying when you break those levels you get 15 - 20 SPX points, pretty reliable.
anyway nice rebound off that trendlien support earlier at the lows
at the morning lows we
Posted by matt on 25th of Mar 2021 at 12:36 pm
at the morning lows we also had a Demark 13, those don't show of that often. For Demark 9 and 13 are the important ones
On the daily charts you don't see 13's too often on sell offs, if you do the market is extremely stretched - see this image of IWM back in 2018 fall sell off