Monday, July 20, 2015

Market Timing Update (7/20/15)

[EOD] Stocks -
SP500 is very close to make a new all-time-high (Chart 1). Chart 2 offers tracking squiggles of the current upswing. A potential five-wave advance from the July 8th low is likely concluding.

[Blue count] Note the alternation in price and time of wave (ii) and wave (iv). Also note that wave (i)-to-(iii) roughly divides this advance into a 1.618 Fib ratio / extension.

[Green count] tracks a potential small-degree EDT which anticipates a higher high (which incidentally would be a new all-time-high for SP500).

Also see Tech "mania" (7/17/15) for additional discussion.




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