Monday, May 19, 2014

Market Timing Update (5/19/14)

[EOD] Stocks-
The Dow Transports made another marginal all-time high today while SP500 fought multiple resistance (Chart 1 red line and blue line and red count, Chart 2 fib and red count).

[720am] ES update-
ES probing potential support. See chart below and Selling Opportunity or Bear Trap (5/16/14) for discussion.