Monday, February 29, 2016

Market Timing Update (2/29/16)

[1535pm] SPX update-
So far a fake breakout (Chart 1-gray line) and a retest of the channel (Chart 2- red line). Updated DT squiggles (Chart 2).

[1245pm] SPX update-
Potential DT is still tracking, but pullback to 1925-30 a possibility. If DT fails, next support around 1880/90. See chart.

[805am] ES/SPX update-
Possibility of an diagonal triangle? See charts.