Specialized analyst Tom DeMark’s indicators are designed for anticipating turning points and overextended cost moves.
In late September, DeMark told MarketWatch that the euro was exhausting its downward development, and the euro strike an intraday low the day soon after the posting was published, on Sept. 28.
DeMark
Now he states the euro
EURUSD,
could working experience its first setback soon after a 15% multi-thirty day period rally from $.9536. But the setback will not derail a extended-phrase go to $1.20, DeMark claims. See DeMark’s analysis on his website Symbolik.com
DeMark, the founder and CEO of DeMark Analytics, focuses on the range of days — which really don’t have to be consecutive — that there was a close decrease than the shut two times in the past. Topic to several circumstances, when the countdown reaches 13, a obtain signal is induced. (The opposite is the scenario on the way up.)
DeMark in November advised MarketWatch that bitcoin
BTCUSD,
was approaching a bottom, which happened on Nov. 21. It’s now approaching a around-phrase best, he says. He suggests an upside trend exhaustion calls for two successively better closes than the latest substantial close of $23,204, and also a high above $24,095 to $25,055.
DeMark
The Nasdaq 100
QQQ,
he claims, is rallying above its upside resistance, which is the Dec. 14 close. If the split is confirmed in upcoming days, it ought to see an prolonged progress, he states.
DeMark
The Invesco QQQ ETF which tracks the Nasdaq 100 has climbed 9% this 12 months.
