Monday, April 5, 2010

Market Timing Update (4/5/10 Close)

SPX mini -
[1] Given the lackluster advance post-"triangle", it looks likely that there's no triangle to start with, as discussed in prior updates. SPX may be tracing out an ED after an earlier ED (Chart 1)
[2] Chart 2 portrays a post-triangle ED scenario.
[3] Note the waning momentum in price and the divergence in the RSI


[4] There has been some ambiguity in the location of the START as well as the END of the triangle. See the corresponding dynamics on the cash index (chart 3)

SPX Cash Index - which is the real triangle?
blog comments powered by Disqus