In the meantime, he mentioned that Germany, France, and the UK have already generated their sell signals. Tom Demark's S&P call confirms what he previously said on October 22, 2012, that a new high would generate a sell signal. In early December, DeMark called the bottom in the Shanghai Composite Index and predicted it would hit 2,900.
|S&P 500 2-yr chart via StockCharts.com|
Source: DeMark Sees S&P 500 Falling 5.5% After Peak Near 1,500 (Bloomberg)