Expecting a Recycle

The cash S&P500 formed a down trending price bar yesterday as we pullback in response to the perfected TD Setup of 11/17. I am waiting to see whether we get a price “flip” (close less than the close four sessions earlier) before the TD Setup count reaches the 161.8% level (about 1128). If so then the TD Combo “sell” signal will be canceled (recycled) rather than just postponed. This will happen on a close below 1109.30 today.

Bottom Line: Still neutral but willing to consider buying on a pullback if Combo gets recycled. I am thinking (based on price pulse structure) that general weakness may prevail until after the Thanksgiving holiday.

*NEW* Technical Analysis of Chart positions:
Dollar Index: Long from 75.32; stop 74.10; weekly chart on perfected buy setup.
Waiting for initial signals on the following charts: Gold Index,10 yr Bond Yield,
Cash SP500 and the CRB Index.