DeMARK Scans and Setups For 3/8/2022
Below are some quick-takes on DeMARK setups that I am seeing from yesterday's close. Please keep in mind that these are independent to long-term charts that I post about and provide a different angle / approach. Yesterday's post about turnaround Tuesday stats seems more important to me for quick-action style trades and context. Below are simply my favorite DeMARK charts.
Goldman broke the TDST support level and qualified a break. That means we have to wait for a 13 buy countdown to complete before thinking about buying.
AMBA completed the DeMARK 13 sequential on both the conventional countdown and the TD Flip Count version that we often prefer to use.
CLF, a commodity name, showing top exhaustion with a DeMARK 13 TD Combo yesterday.
FSLY TD Combo 13. This is a pure distressed play at this point. The sellers have really pushed the limits here.
EFA, the MSCI iShares ETF, showing downside exhaustion.
SE with a TD Combo 13 and TD Sequential 13 coming today
SLB TD Combo 13, another indication of a commodity blow off top.
GM with a TD Combo 13 / TD Sequential 13 downside exhaustion
NFLX TD Combo 13 completed downside exhaustion
Cheers. If you have any questions, feel free to reply.