Tuesday, November 17, 2015

Market Timing Update (11/17/15)

[EOD] Stocks -
SP500 rebounded from the red trend line support and also closed inside its prior topping zone yesterday (Chart 1). Today, SP500 is unable to break the gray resistance line in Chart 2. The pullback from today's high is retesting the lower edge of the topping zone in Chart 1. An unfilled gap sits above today's high and we will know in the next few days if the poke inside the topping zone will fail.

[12pm] SPX update -