Recent market analysis highlights the emergence of rare bullish signals across multiple U.S. stock indices, suggesting a potential market rally. Technical indicators based on DeMark sequential and combo counts have identified multiple "13" buy signals at lows for key stocks including Tesla (TSLA), Broadcom (AVGO), and Pegasystems (PEGA). These signals coincide with significant technical levels such as the 61.8% retracement on the SPDR S&P 500 ETF Trust (SPY). Additionally, an algorithm tracking long-term and short-term buy signals has indicated that the market may be near a bottom, with positioning and sentiment currently at bearish extremes. The Nasdaq Composite is noted to be forming a mini-island reversal pattern and is expected to test the 17,200 level. Analysts note that the exhaustion of selling pressure, reflected in weekly "9" setups and 13-count exhaustion on multiple indices, could pave the way for buyers to step in and initiate a rally. Higher tape volume compared to previous sessions supports increased market activity. While some caution remains due to potential weak closes, the overall technical outlook points toward a bullish reversal phase in the stock market.
Let the pump begin! $IWM #stocks #SPX #stockmarket #investing #trading $ES $QQQ $SPY $TNX $RSP #DeMark $MAGS https://t.co/GjvcMeRQsJ
An algorithm we track recently issued a rare long-term BUY signal and another "buy the dip" algorithm has also flashed a cluster of short-term BUY signals. Positioning + sentiment are still at a bearish extreme, so the stage is now set for a sharp rally. https://t.co/9W3aDdLcei
There's an ultra-rare bullish signal on the verge of flashing in the stock market https://t.co/VfEAAWTjeH