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The video in this report is only accessible to members

Markets have largely exited the early month window when a low was possible.  While a counter-trend snapback is possible at any time, the trend remains negative in the short run Both Treasuries and Equities show a possible time-based window for a turn in late August which could turn out to be the pivot for the much anticipated Low for Stocks and Bonds.

US Equity indices have continued lower at a time when a low was thought possible, and momentum has begun to worsen on a weekly basis as this decline has become a bit more broad-based.  This prolongs the decline and means that lows are likely premature.  A couple key points:

  • This decline has proven very orderly and not too abrupt.  SPX still is down just -3.5% from peaks made in late July.  This hasn’t proven too technically damaging.  However, weekly momentum has begun to wither, and weekly MACD is now negative for QQQ.
  • Both SPX and QQQ have now broken uptrends from mid-March lows
DeMark TD Buy Setups failed to cause much stabilization in this minor decline.  The move under this week’s lows has kicked off a Countdown count. Based on DeMark methodology alone, it’s not unreasonable to expect a “13 Countdown” signal bef...

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