Weekend Charting and Chat - 12th August 2016, page-4

Something a little different.  65 minute chart of the S&P 500 (because 65 minutes x 6 fits properly as the 1hr charts for this index have one that is 30 minutes bc of the open at 9.30 am).  DeMark Sequential indicator gave a sell signal at purple point 3 and that was good for +15 points. Then another of his indicators, which he calls "Combo", gave a sell signal last session with last green candle. Sometimes these work, sometimes they don't, but for the signals to have come up the way they have here in quick succession increases the probability of a turn of some sort being immanent.  There is also this interesting potential 5 point topping pattern.  McLaren rabbits on about the pattern from time to time, or used to, but I'm yet to see one play out nicely in real time so this could be it.