Monday, May 18, 2015

Market Timing Update (5/18/15)

[EOD] Stocks -
New high on unimpressive price action. Today's high satisfied the minimum requirement of the blue, red and gray counts in Chart 1. See Variations (5/15/15) for discussions. Chart 2 tracks the squiggles in today's advance.

[1120am] SPX update -
Counts, lines, and squiggles. See charts.

[725am] ES update -
ES has been probing the neck line. See chart.