Friday, February 7, 2014

Market Timing Update (2/7/14)

[EOD] Stocks -
SPX marginally broke above the red line and is approaching the MA50 at around 1809 (Chart 1). Chart 2 tracks the squiggles since the low.

[955 am] SPX update -
SPX gaps above the blue line (Chart 1) back into the Dec-Jan trading range, but is approaching the red line (Chart 2). One of the lines will break. Which one? See charts.

[645 am] ES update -
Overnight retest of the red line. See charts.


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