Bi-Weekly Market View + Video
Click here to check out the video brief. We try to do 5-10 posts a day on our main platform with a deep video dive each weekend. We were recently blessed with a guest post from a strong DeMark buy-side practitioner.
Post below
tl;dr – critical week for the markets – let price action dictate the direction with qualified breaks in either direction
This week will be critical for the market, and I expect it to reveal a directional bias. The first chart shows the SPY, QQQ, and IWM with TDST and TDST origin levels. While SPY qualified a TDST break to the downside, SPX and ES_1 did not. Furthermore, QQQ and IWM did not align with the downside break. I added TDST origin to the SPY and QQQ charts since it provides a better reflection of the market environment and should provide an early warning signal if the three indices were to qualify to the downside.