Tuesday, December 16, 2014

Market Timing Update (12/16/14)

[EOD] Stocks-

[130pm] SPX update-
ES is retesting its overnight low. It may or may not result in a lower low in SPX to wrap up a potential five wave decline. See charts.

[1005am] SPX update-
NDX and TRAN are testing their Sep highs, with the rest of the benchmark indexes already below those levels. See charts for tracking counts on SPX.

[720am] ES update-
diagonal triangle decline - triple three, EDT, LDT. See charts.