Tuesday, April 19, 2016

Market Timing Update (4/19/16)

[115pm] SPX update-
An overlap of the gray line at 2087.84 increase the likelihood that the current subdivisions since the April low has ended, barring the (less likely) red EDT (Chart 1). Chart 2 presents the larger-degree price profile.

[840am] ES update-
ES bounced off the blue line yesterday, has now exceeded its Nov-2015 high, and bumping against the overhead red line. See chart.



blog comments powered by Disqus