Thursday, June 26, 2014

Market Timing Update (6/26/14)

[EOD] Stocks -
First the Dow, the lower low this morning produced a visual five down in the INDU (Chart 1). Has the Dow topped or is the recent pullback an ending wave of a larger EDT since February? (Chart 2).

Chart 3 maps the proposed EDT in INDU into SPX. A decent pairing.
In the meantime, the red trend line in Chart 4 presents potential resistance to SPX.

[1105am] SPX update -


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