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Market Closing Prices 

 



Economic Data 


S&P 500 Index had a recent upside red Sequential Countdown on day 13 and a Combo 12 with nomonal downside due to lack of price flip down. There is a secondary Countdown pending on day 10 of 12 that now could play out to nominal new highs. 

S&P 100 Index has a secondary upside Demark Sequential Countdown on day 11 of 13. 

SPY vs. TLT ratio now has an upside Demark Sequential Countdown on day 10 of 13. Combo on day 12 of 13. 

Nasdaq 100 Index has seen both red Sequential and pink Combo 13 exhaustion signals last seen in January. And now a secondary Countdown also saw in January. NDX Index back down to the 50 day. 

IWM Russell 2000 ETF now has an upside red Countdown exhaustion 13 and Combo 13 Countdown too. Now under the 50-day; support at 166.09. 

XLK Technology ETF has an upside Demark red Sequential Countdown on day 8 of 13. 

Dow Jones Transports Index achieved the 5 wave upside price objective. Wave 3 worked well too. Watch the 50-day monkey as support at 11,238. 

XLV Healthcare ETF on day 12 of 13 with a secondary upside red Countdown. 

XOP Oil & Gas Exploration & Production ETF on day 10 of 13 with red Sequential Countdown. 


DXY Index has a pending downside red Sequential 6 of 13 while there is an upside green Setup on day 4 of 9. Importantly the bounce has now qualified as wave 2 of 5 on the downside with a wave 3 price objective of 92.17. 

Euro bounced into resistance with a red upside Sequential Countdown pending still on day 7 of 13. A pullback to the 50-day monkey is the 4th wave of 5, but if it breaks the wave 2 low of 1.1367 the wave structure will change. 

British Pound Sterling has a pending upside red Sequential COuntdown on day 2 of 13. This pullback has qualified as wave 2 of 5. With a wave 3 price objective of 1.3616. 

Canadian Dollar spot price with another downside red Sequential 13 at wave 5 price objective. A turn up in price is needed to confirm the trend. 


Euro Stoxx 50 held the 50-day and now has an upside red Sequential Countdown on day 3 of 13. 

German DAX needs to clear the 50-day and 12,600 recent high to negate the pattern of lower highs and lower lows. 

Italy still looks weak. FTSE MIB Index had another downside red Sequential Countdown 13 in wave 3. A lower bounce was expected in wave 4 with a downside wave price objective of 18,899. 

Italian 10-year has upside potential to 4.05%. Now in wave 5 with a price objective of 4.05%. Italian 10 Year Yield has both red Sequential and pink combo upside exhaustion signals and revered to the 50- day. 

South Korean Exports can be used like a canary in the coal mine indicator when exports drop below 0.

India Nifty 50 triggered an upside Demark Sequential Countdown and a pink Combo 13 Countdown exhaustion earlier in August with a nominal reversal and today there is another upside Combo 13 and secondary Sequential Countdown 13. 

EEM Emerging Markets ETF has an upside green Setup 9. A new upside red Sequential Countdown on day 2 of 13. 

Brazil ETF EWZ had a red Sequential Countdown canceled since the upside green Setup 9 completed. A pullback of a few days is probable. 

Nikkei with some upside exhaustion signals. Now has a secondary upside red Sequential Countdown on day 10 of 13. There are now two Combo COuntdown 13 upside exhaustion signals and the red Sequential is now on day 12 of 13. 

China / Hong Kong ETF FXI should not move much with China closed for the week. That said, FXI is now back firmly above the 50-day moving average. Now with an upside green Setup 9 and a new red Sequential Countdown starting on day 2 of 13. 



WTI Crude futures getting late in the move but still a bullish trend in place. Entry here not advised. WTI November’18 contract (CLX8) is on day 8 of 13 with upside Sequential Countdown. Green Setup today could see a pullback. Wave 5 upside price objective is 78.27. A couple Trend Factor price targets at 74.31 and 77.85. 

Bloomberg Energy Index (Crude, nat gas, etc.)  has some upside exhaustion signals. It is on day 11 of 13 with a red Sequential Countdown, however, there is a pink Combo 13 and green Setup 9. A pullback in the next few trading sessions is probable. 

Gold is drifting. GLD now has a fourth Demark exhaustion signal combined with the ultra-low bullish sentiment and bearish positioning. The trend down has been strong and a price flip is needed now to reverse the bearish entrenched trend. There is now a secondary downside Sequential Countdown 13 present. 

GDX Gold Miners has another downside Sequential and Combo Countdown 13 and a green Setup 9. Now with a green Setup 9/ A 3-4 day pullback is probable. 

The U.S. 10-yr yields Demark red Sequential Countdown remains on day 11 of 13. Last week, recall, there was a pink Combo Countdown 13 upside exhaustion signal. 

The U.S. 30-yr yield is on day 8 of 13 with a red Sequential Countdown. 



R.W.N II, yours is 322.

BanyanMe

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