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Strategies & Market Trends : News Links and Chart Links

SPXL 222.70

+1.6%

4:00 PM EST

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To: Les H who wrote (27727)	3/18/2023 11:13:42 AM
From: Les H	Read Replies (1) of 29600

The market was more disastrous for financials than tech which puts the S&P 500 (SPX) and the Nasdaq Composite (COMP) on different paths. It is expected all markets to remain overall bearish and longer term price exhaustion currently points to the last week of March. In the near term, everything hinges on next week’s FOMC decision. The daily SPX has an active TD Sell Setup @2 and TD Buy Countdown @6. Unless the SPX can close above the 60 and 90 minute TDST Resistance level at 3995.57, the SPX remains bearish. Closing under the short term 45 and 60 minute TDST Support at 3852.50 is an early warning the 2 and 3 day TDST Support levels around 3800 will be broken. This will allow the SPX to hone in on the 3741.91 TD Trend Factor. As a reminder, TD Trend Factor is significant when DeMark counts are in the late stages of price exhaustion. tradetrekker.wordpress.com

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