13 TD Countdown Exhaustion.
In a very supportive area.
Close to the 0.618 retracement level from the multi year rally begun in 2011.
Stochastics showing positive divergence forming. Bottom forming similar to 2008/09 GFC.
Targets 68 / 79
DSIs all at extreme lows (5) with VIX DSI at extreme high (96).
Put/Call ratio at ATH (with the data available).
Cumulative distribution is extremely low, similar to 2002 and 2008. In both cases the SP rallied around 20% in 6 weeks or less.
SPX down >7% just this week with 490 of the components down.
Demark countdown exhaustions flashing in indexes 4h/3h/2h/1h...
ESV extending its decline beyond the Brent move, opening a divergence. Gap should fill.
It's also close to previous major bottoms.
Sentiment on extreme low.
Demark indicators pointing for reversal.