Good question. I didn't create the indicator, it's from the TV community. I wouldn't take a trade only on divergence. Looking for confluence of multiple indicators and also use as a warning a warning not to trade against it. Also, the first Demark after breaking through a cycle to the upside with authority is usually the end of wave 3.  

That divergence indicator also does work well on 1 min and below time frames for scalps... kind of surprisingly. 

Re: IWM gains, SFM and

Posted by foody518 on 18th of Mar 2024 at 11:13 pm

Re: IWM gains, SFM and WING, clearly   

Monday March 18th, 2024 Newsletter and Video

Posted by matt on 18th of Mar 2024 at 09:13 pm

Youtube Video  Monday March 18th, 2024       - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Monday March 18th  standard Webpage Format  - contains all the dynamic chart links

Thanks Matt for that explanation and for sharing that 60 stoch chart with us.    I've sure got it saved for continued later viewing.  Thanks Again !!!!

ugh....sometimes but it doesn't stay like that for as long of a period of time like it does for uptrending markets.

again remember that downtrending markets do not behave as the inverse of an uptrending market, meaning you can't just place a mirror in front on an uptrending market and see how the market would behave in downtrending market.

topping is a process and can go on and on and on at times, longer than you think, as we've seen with this market. 

downtrending markets tend to be more violent and volatile, but washout and are done/over much more quickly, vs just trending down and down for long periods of time. The emotion of fear manifests itself differently than greed and complacency in an uptrending market.  Remember that's why the default KISS systems that are long only doesn't work well on inverse ETF's and stocks because it's generally best instead of trailing stop to just exit after a strong move - I mentioned a couple weeks ago that if I added a profit target to the KISS systems then they work better for shorts. 

TNDM bullish setup on daily/weekly. 

Posted by kingpin15 on 18th of Mar 2024 at 07:26 pm

TNDM bullish setup on daily/weekly. 

Sold SQQQ 11.08    in 

Posted by rbreese on 18th of Mar 2024 at 04:24 pm

Sold SQQQ 11.08    in   AH. 

Matt, was wondering for the future, if the 60 stoch system in a bear market was imbedded, say below 20, would this system also indicate a pullback when any of those 3 indicators reached overbought status ?     or is it best only for upward trending bull markets ?        Thanks !!!

Including the aptly named YOLO,

Volume!

Posted by mschwand on 18th of Mar 2024 at 04:04 pm

Including the aptly named YOLO, lol. Not finding a lot of related news on the sentiment shift besides Kamala talking up a potential reclassification (sked I to III, apparently)

TLRY too, 60mm, and pretty

Volume!

Posted by shellson2 on 18th of Mar 2024 at 03:57 pm

TLRY too, 60mm, and pretty much everyone. 

ES Possible Map

Posted by steve on 18th of Mar 2024 at 03:53 pm

Chart to go along with my comments below

Nice. Tho how do you filter that one divergent peak between the two Demark 9 peaks today? (e.g., no break of the low of the previous candle?)

MACD Divergences indicator - this

Posted by DigiNomad on 18th of Mar 2024 at 03:35 pm

MACD Divergences indicator - this nailed the top today and it's often worked well for me. I have it set to send an alert when it triggers bear or bull divergences.  I adjusted MACD setting to 3 fast, 10 slow. Seems to line up better until used on longer time frames....then12/26 is fine. 

Related

Posted by ruidoso on 18th of Mar 2024 at 03:14 pm

Related

Volume!

Posted by ruidoso on 18th of Mar 2024 at 03:10 pm

Volume!

Internals - last week was

Posted by DigiNomad on 18th of Mar 2024 at 03:03 pm

Internals - last week was the first dip below zero on the composite indicator since October....barely below. 

Posted by ruidoso on 18th of Mar 2024 at 02:56 pm

Posted by ruidoso on 18th of Mar 2024 at 02:54 pm

IWM and SMCI -  "as

Posted by DigiNomad on 18th of Mar 2024 at 02:53 pm

IWM and SMCI -  "as part of the addition to the S&P 500, it is being removed from the small-cap Russell 2000 (IWM). Mott Capital estimates that SMCI has contributed about 16 points or roughly 8%to the index this year. The index is up approximately 8%, meaning that SMCI is responsible for 100% of the index's gains this year."

So, IWM dodged a bullet today but what is going to take it higher now that it lost it's biggest contributor to gains? Regional banks? 

Posted by ruidoso on 18th of Mar 2024 at 02:45 pm

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