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The video in this report is only accessible to members

Markets have entered a window for potential low, but thus far have not turned according to pre-election year August seasonality nor DeMark’s completed TD Buy Setups.  While Tuesday’s close certainly looked negative, I doubt that SPX takes out 4400 on this first pullback from July peaks.  Lows still seem near, and uptrends remain intact.

A few pertinent comments: 

Breadth has gotten a bit worse on recent selling over the last few days as the former underperformance in Tech and Industrials has now given way to underperformance in Discretionary, Financials, and Materials

Equity markets have not yet bottomed on schedule despite pre-election year seasonality pointing to intra-month trends normally bottoming on the 10th day of the month

SPX is now down to its trendline extending from March lows.  This means more as a positive than the negatives of a 50-day moving average (m.a.) violation by SPX which most Financial media are exclaiming that Technical students find negative.   (Note that both prior occasions from December 2022 and March 2023 both proved remarkably short-lived and non-conclusive)  The 50-day m.a. is actually quite a bit more positive and steeper in slope now tha...

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