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Strategies & Market Trends : News Links and Chart Links

SPXL 219.63

-1.4%

Dec 1 4:00 PM EST

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From: Les H	9/17/2022 8:46:44 AM
	of 29601

The S&P 500 (SPX) is in the process of testing the lows. For the short term timeframe, there is an opening for a another lower low print Monday morning, September 19th, but otherwise a quiet period until the FOMC meeting on Wednesday, September 21st. The TD Sequential count for the daily SPX is TD Buy Setup @4 and TD Buy Countdown @6. The interpretation is a temporary bottom on Friday, September 23rd, but the overall downtrend should stay intact. One bullish factor for Wednesday, September 21st, would be if the SPX price flips by closing above 3901.35. This will at least place the SPX in a position to halt the downtrend and re-evaluate. Absent of that, recording a TD Buy Setup @9 trading at the 3673.98 TD Trend Factor should give the market a reprieve from selling. tradetrekker.wordpress.com

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