The S&P 500 Index is trading into important price resistance while simultaneously recording an exhaustion indicator that could bring a pause to the recent stock market advance.
The exhaustion comes by way of DeMark indicators that are pointing to a potential short-term trading top on the S&P 500. I discuss this in today’s video.
This sell signal / indicator is on a “daily” basis, meaning that it may only be temporarily disruptive to bulls. The “weekly” timeframe is still bullish and has a ways to go before recording exhaustion.
In today’s video, we also look at the Nasdaq, Russell 2000, and Dow Jones Industrials. It’s a confusing time and the patterns point to a potentially volatile end of year.
DeMark Indicators – Stock Market Analysis Video (week of November 16, 2020)
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