Technical trio of charts possible tell on equities teetering at T Theory crest

Here's a technical trio of equities market internals charts: NYAD (advance/decline), NYMO (McClellan Oscillator), and TRIN (Arms index). It's a way of looking to see the validity of the idea - from Terry Laundry's T Theory and other sources - that the stock market is cresting and about to dive to the next good low. The NYMO in particular shows negative divergence that suggests this - and the TRIN looks ready too. The NYAD has been climbing its upper Bollinger Band. This evening I was already thinkng about how to address these ideas, and then read the following comments from a reader:

Ariel,
You've been saying there should be a better entry point for equities and commods in March. Are you now saying 1127 is going to be the low? So on the next very shallow pullback is when you're going to load up? I don't understand how the Feb low was not the better low to be buying. March has been one straight line up with barely any corrections. Anyway, can you clarify again when you would be buying AG, NG, gold, oil, equities?
thx!

Those thoughts have been on my mind too! In early January, we were thinking of a high mid-January that would lead to a March low, then up into May. Overall, so far so good, except the low that we should be seeing from today's high now looks like it will be a higher low (higher than 1086), not a lower low. What do we do with this?!

Well first we have to make sure the SPX will get support at 1126/1127. That's about 40 SPX points above the 1086. Yes, it would feel better to have gotten the buy at 1086/1092. But we can't let that hold us back from buying when it gives signs of turning up again. Because looking back at up to 40 points, won't help if it prevents us from being on board for a potentially HUGE move up.

Gold is dicey now because there's the possibility that it's going to start traveling inverse to stocks. We want to buy a low in gold either this month or next - and the trick will be seeing if it drops now along with stocks, or bounces. We don't want to be in a hurry to buy gold, as far as I can tell.

The agricultural commodities - the safest way to play these is with ETFs and trade them like anything else. Unless you're experienced in trading agricultural futures markets. One is DAG, and there are others. But when? The safest way here too, is to look for a reversal pattern. We need to keep an eye on for that.

Same for UNG and natural gas. I'm not surprised about natural gas dropping, I posted a while ago showing that I expected it. We need to keep an eye on there (use the "Natural Gas" label for prior posts on this.)

Oil may be in a way the most interesting because it's got the potential to make a surprising low (even if it does mimic the banking index by tagging its own slightly higher Fib first).

This is just a quick recap and I'll be addressing each of these in subsequent posts. Back to equities - might the market go deeper than 1126/1127 SPX? Possible, just not guaranteed. The way it moves into its next low will help illuminate the wave count. I've puzzled over it many, many times, without a clearly satisfactory answer. My basic theories are a large B wave up which could go in the neighborhood of 1300 SPX. Or a large "Wave V" bull market that goes to new highs, whether in a normal impulse or a very large ending diagonal.

I hope this helps! I know it's difficult when it turns out scripts aren't 100% accurate for how the markets actually flow. But the overall pattern is working out - that's better than many other "expert analysts" can say, as their uber-bearish views have proven too early (possibly wrong, but probably just too early).