3UKS Long based on DeMark Sequential 9 Count
Updated
3UKS (3x Short UKX FTSE100) ETF is displaying a DeMark Sequential 9 count today which correlates with a sell DeMark 9 count in the FTSE100 (UKX). If we close today with the 9 intact buy above the bar high to target the DeMark Resistance line depicted from the high of the no 1 bar of the current 9 count. Close half here, then keep half open until we see a 9 Sell signal in the opposite direction. If the 9 Buy doesn't activate and prices head lower, await the DeMark continuation 13 bar print (not sequential, but count can start at 1 on the 9 buy, then each counted bar after this must have a close lower than the bar 2 previous). If we see the 13 develop this will provide a much stronger signal to buy above the high of that bar. All in all I see FTSE 100 heading lower.
Note
Popped higher but now in small loss. Expecting FTSE to chop about but the 9 Sell count is still valid on FTSE, ergo, the 9 Buy print here is validNote
Still awaiting a green 1 to get into the trade long
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