Tom Demark was on CNBC yesterday with news that his TD-Combo signal has been confirmed on a monthly timeframe, now joining the daily and weekly signals.  With this in place, Demark is even more confident in his prediction for an 11 to 17% market decline.

The interview can be seen here via CNBC.

The TD-Combo signal, as well as Demark’s TD-Sequential signal, measure trend exhaustion in the market.  When they trigger on a monthly timeframe they often coincide with major market turning points.