Tuesday, October 1, 2013

Market Timing Update (10/1/13)

[EOD] Stocks -
New highs for MID, RUT, NDX/COMPQ.

[1105am] SPX update -
0.382 retrace and prior neckline overhead (Chart 1). Tracking squiggles (Chart 2).

[850am] ES update -
First day of the month. New moon in 3 days (US EST). Partial shutdown of U.S. government.

Overnight advance in ES met the prior neckline resistance (Chart 1).