Monday, February 8, 2016

Market Timing Update (2/8/16)

[EOD] Stocks -
SPX retested the channel line (Chart 1) and managed to close within the channel which is bullish.

[1055am] SPX update -
SPX is reacting with lower edge of the trend channel since its May 2015 high (Chart 1), with various near term options (Chart 2).

[855am] ES/NQ update -
Lower low in NQ. ES low holding for now. See charts.