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.
Real Vision Academy : DeMARK Indicators
In early 2022, Raoul Pal and the team at Real Vision sat down with Tom DeMark (Founder and CEO of DeMARK®) to discuss his career,