The video in this report is only accessible to members
The video in this report is only accessible to members

US Equity markets are likely to show a short-term low by End of week/month/quarter.  The ability of QQQ to recapture August lows while showing a TD Buy Setup could be a positive.  However, trends and momentum remain under pressure and upside follow-through is needed along with some evidence of Treasury yields and US Dollar starting to peak to have confidence. 

Wednesday’s reversal looked to be important at a time when markets are stretched to the downside.  The act of recapturing prior lows in QQQ along with the completion of DeMark TD Buy Setups for SPX and QQQ could have very well been the low that was likely into end of week. 

As many understand, buying dips within downtrends is quite difficult, and requires some upside follow-through to have real conviction that lows are in place.  Signs of fear have cropped up in recent days, with Put/call ratio hitting the highest levels of the year, while Fear and Greed survey is now back in “extreme Fear” territory.  SPX did in fact register near oversold readings with the lowest RSI readings of the year, and DeMark signals have provided TD Buy Setups.

However, momentum and breadth remain trending down, and structurally, markets r...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Don't Miss Out
First Month Free