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Bringing evidence-based / data-backed technicals to your inbox, daily. Not selling anything. Just Macro trends, DeMARK indicators and some stats.

Few DeMark Setups

PetrTrades

Mar 7, 2023

First looking at SPY on the big picture: we have a qualified TD Propulsion down to 376. Not entirely married to the idea that we sell off hard anymore if dollar stays weak, but something to keep in mind in case rates and dollar is sticky.

With the idea on rates: 95.26 qualified TD propulsion down to 95 and we solidified that price action today. It would seem like the bonds would still want to go lower.

QQQ failed to prop up today.

INTC should hit 23 in the coming days/weeks if market ends up going lower

AMZN qualified TD Prop down too.

GDX failed TDST, which means dollar could still go higher here.

Overall, I’m remaining on the risk averse side. Seeing globex liquidity at 4065 to lean against.