Previously I have shown that the monthly and weekly charts of the cash SP500 are flashing pending DeMark “sell” signals. How about the daily? Besides the non-Demark bearish RSI/Price divergence (May 21) there have not yet been any bearish DeMark signals in the studies that I follow. Closest to triggering would be a confirmed and validated break of TDST support (dashed green horizontal line on the chart at 1582.7) and the completion of an “aggressive” TD sell Countdown (which is on bar #10 as shown). Of course, to finish the sell countdown would require a bounce higher.
Another item of note on the chart is the upsloping blue trendline. It is the called the "Beta-X" trendline since it was formed by the Intermediate-Term Price Pulses of the same name. In price pulse theory a confirmed and validated break of that line is a sell signal.
If the rally from the 2009 low is actually over we should start to see more and more technical sell signals actually trigger over all time frames as we move forward.
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