A long history of TD9 bullish reversal on monthly candles for the US stock market, since 1900.
That is typical timings for exhaustion of a bearish trend.
15 events in 120 years, 13 played out.
TD9: The idea of magic 9 turn index comes from the TD sequence of Tom Demark, a famous master in the field of technical analysis. Its core function is to find the inflection point of the current stock price trend and improve the success rate of seizing the opportunities of the bottom and the top.
The core use of the magic 9 turn index is to help us effectively escape the top area of the stock and accurately grasp the bottom opportunity of the stock.
Based on the data, It seems to be happening now.
The last event was 2009, the bottom of the world financial crisis.
This TD9 bullish reversal for this October only confirms its print once the monthly candle of October closes correct. So it may disappear.
Regarding macro index and global political/ economic environment, still there are many uncentainties. Even instituttons now having big stress from long lasting market downturn.
In this wide spread risks and fears, it may be required to see the upcoming spring and next market uptime in advance.
Source: Willy Woo, Co-founder of CMCC Crest
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