Monday, October 20, 2014

Market Timing Update (10/20/14)

[EOD] SPX update -
Chart 1 - Transports closed above its Oct 2nd low. MID is within 1.5 index points of doing so. This further diminish the chance that the current rebound is a fourth wave.
Chart 2- A potential IHS in SP500 triggered today. It projects to the 1980 area if successful.

[1150am] SPX update -
Tracking counts.