The DeMark Sequential indicators will register a 9 on the S&P 500 futures, INDU and OEX tomorrow barring a steep sell off. That would indicate a pull back might be at hand. In addition, the German DAX, which has been ‘an Feuer’, will hit a 13 countdown tomorrow. This will be a good test of the strength of the market. If it wilts like the San Antonio Spur’s Tim Duncan did down the stretch, it will indicate a severe correction. If it can trade flat to slightly down, it should portend an assault on the old highs.
Charts courtesy Bloomberg