Monday, March 17, 2014

Market Timing Update (3/17/14)

[EOD] Stocks -
Assuming that the overnight low holds, SPX is on its C wave overthrow.  See charts below.  See weekend update (Getting There (3/14/14)) for details.

[710am] ES update -
ES gets support from MA50 overnight. The rebound counts as wave [iv] up (red) or a new upswing off a flat decline (black). See charts below. See weekend commentary for charts and analysis.


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