Monday, April 27, 2015

Market Timing Update (4/27/15)

[EOD] Stocks -
SP500 is retesting the range, the red and green support lines (Chart 1). We could see the 2090 area if these support levels fail, and new highs if these support levels hold (Chart 2). SP500 ended the day short-term oversold (Chart 3).
[735am] ES update -
ES made new highs overnight. See chart. Is this(a) the upside gap attempt at the cash market OR (b) completion of the blue [iii] or an attempt to complete the blue [iii] or red (e) in this chart discussed in New High, But ... (4/24/15) ?


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