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Three parts of Demark theory working together here.  A TD setup fired and completed in February.  That was followed by a perfected TD Countdown (13) recently.  Importantly, a second TD Sequence completed yesterday where the 9th bar failed to close about the high of the 6th bar; (an import topic in Demark theory).  As such, per my discussing in the trading room yesterday, I am expecting the ES to pull back from here.  Please note, this does not mean that the market is going to entirely roll over at this point.

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Crude Futures have been in sharp compression for at least the last week.  As of this writing, Friday Feb 17, that compression is resolving to the upside. The frequently leads to a strong move and should be reviewed on your chart setups.

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