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DeMARK Analysis Updates
Yesterday I noted how we might be seeing a short-term bottom soon. Unfortunately, we did not complete the TD Sequential 13 countdown today because we did not have a lower low in the cash session. This bounce in stocks seems very much attributed to a few things:
Oil is pricing in no war
Lets start with the first point. Oil had a significant blow off top because Russia basically got blocked off from the rest of the world and left the energy world in a tizzy. Given the large decline off the highs, I think that the market is now basically pricing in the fact that world war 3 might be off the table. If it was not, we would already see $200 oil and Iran, China and Russia partnering together on a more unified front than just 'lets stick it to the west by hoarding energy' .
Turn around Tuesday stats are very much real. One of the most powerful patterns in the world is a down Friday/Down Monday and holding to the close until Tuesday. I made a post about it here before.
Lets take a look at some names to see what else DeMARK analysis is saying.
Besides everything, VTI got a TD Sequential 13 buy
AAPL daily 9 buy setup coming tomorrow
ARKG Daily Combo 13 / Sequential 13
CMRE Daily 9-13-9 Top
CROX 13 Sequential + Combo
FSLY weekly TD Combo 13
HACK TD Sequential 13