Thursday, November 5, 2015

Market Timing Update (11/5/15)

[EOD] Stocks -
SP500 closed below prior support (Chart 1, red trend line) despite the overlapping (corrective-looking) decline (Chart 2). One near term scenario to monitor would be a retest of the red trend line in Chart 1. If a potential retest ends up being rejected by prior support trend line, the leading diagonal triangle (Chart 2,red) is likely playing out.