The Standard & Poor’s 500 Index may climb above its close yesterday before starting a retreat in the next three weeks that will “trap” bulls, said Tom DeMark, the creator of indicators to show turning points in securities. After the decline that began today ends just above 1,200, the benchmark gauge for U.S. equities may rally about 5 percent and begin a process that would signal another drop, DeMark said. The index’s peak will come in November after it closes higher on four to six successive days, he said.
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,