Wednesday, March 23, 2016

Market Timing Update (3/23/16)

[EOD] Stocks
A three-wave drop in SPX from it's high (Chart 1), stopping right at support (Chart 2-green and blue lines, Chart 3). The immediately bullish scenario would be an expanded triangle (Chart 4, Chart 2 blue lines). Bearish scenarios would be a nested 1s/2s, a flat/triangle, or an LDT. See charts.

[1055am/1231pm] SPX update-

[815am] ES update-