Monday, October 27, 2014

Market Timing Update (10/27/14)

[EOD] Stocks-
An inside day for SP500. A potential 4th wave consolidation in progress. A break below the ascending support line (green) is likely bearish and the gap around 1930 would be a potential target. See chart.
While the MA50 remains illusive for SP500, Transports and NDX appear to be gunning for a new high. 

[1205pm] SPX update-
potential green triangle wave [iv]. See chart.

[820am] ES update-