Lots of reasons to suspect 4Q of 2022 might turn out like 1962

Friday’s about-face seemed impressive after just a minor pullback late week. Yet a few negatives remain present that will need to be resolved before projecting higher into December.  First, negative divergence remains between the NASDAQ and $SPX (See NASDAQ below) as prices remain under early October highs.   Second, DeMark indicators are now showing confluence of 60, 120 min and Daily TD Sell Setups which argue for a stall out. ...
Friday’s about-face seemed impressive after just a minor pullback late week. Yet a few negatives remain present that will need to be resolved before projecting higher into December.  First, negative divergence remains between the NASDAQ and $SPX (See NASDAQ below) as prices remain under early October highs.   Second, DeMark indicators are now showing confluence of 60, 120 min and Daily TD Sell Setups which argue for a stall out. ...
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