The Set Up for this Week

Predicting a Trend Change?

Interestingly, both SPY and QQQ signaled U buy on Friday at the close on the TD Trend study. Remember, how the study works:

TD Trend technical study is a trend-following indicator developed by Thomas DeMark. It is based on the idea that trends are formed by a series of higher highs and higher lows in an uptrend, and lower highs and lower lows in a downt…