More Exhaustions & Signals

• EURYEN (lower chart) has been a good proxy for the rise and fall in asset prices (also a carry trade vehicle) and has triggered not only an exhaustion signal but also a DeMark Sequential Set up of extreme length. Of the 43 Sell set ups since 2000 none could be found that ran 22 days before it experienced a "flip".
• Additionally we now also have the Industrials (top chart) in the group that triggered a signal
• We further notice more and more TC (TimeCycles) spikes for mid to end july which could signal some turn in that period, either an extended top or a low of an upcoming consolidation

Pls bear in mind the nature and mechanics of Exhaustion Signals being MOMO (Momentum) extremes with the interpretation to signal MOMO exhaustion today with a high probability to turn the trend between now and approx. the next 2 weeks.