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This morning from TommyThornton, the guy who counts DeMark sequentials:
"$NDX $QQQ upside DeMark Sequential Countdown 13 exhaustion. Joins all of the other major US indexes with upside exhaustion signals."
"The last time this occurred was in January." https://pbs.twimg.com/media/DlXnRvXV4AEYOyA.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
vol surge so might be a rebound here first then we'll see. the pullback was too large for a typical uptrend day. not a good sign.
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I don't think it'd be lower high trend reversal (down) here simply because bears usually don't have the luck. let's see.
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Bloomberg is applauding the world-ex-U.S. for finally moving up
If you look at the daily VEU you can see that it’s a dead-cat-bounce… for now….
And it’s still below its 200ma….
VEU has been following the 1/dollar for the last few months
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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