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.