Thursday, August 20, 2015

Market Timing Update (8/20/15)

[EOD] Stocks -
At last, SP500 breached its July low, setting a better footing for the next upswing - see recent weekend commentaries for details. See charts.

[255pm] Stocks -
Diagonal- and triangle-type structure across indexes (Chart 1). A potential diagonal-down from its July high in SP500 (Chart 2).

[935am] SPX update -
Moment of truth for a potential triangle (chart 1) or a relatively more bearish EDT (chart 2 red EDT).