DeMark Says S&P 500 Failure to Show ‘Vigor’ Is a Sign Index Poised to Fall

The failure of the Standard & Poor’s 500 Index to keep rising after gaining 2 percent on Oct. 18 may mean it’s poised to retreat, according to Tom DeMark, the creator of indicators to show turning points in markets. DeMark, whose prediction last month that the S&P 500’s decline would stop at 1,076 proved prescient when the index bottomed at 1,074.77, said he’s uncertain about the direction of the market now. Two days ago, he said the index might climb as high as 1,254 before falling as much as 5.6 percent.

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