Wednesday, August 31, 2016

Market Timing Update (8/31/16)

[EOD] Stocks-
Month-end. The Dow and Nasdaq indexes made lower lows. A potential diagonal triangle may be developing (Chart 1) and the green line may get tested near term. Chart 2 update our ABC tracking on SPX since the 2015 high.

[810am] ES/NQ update-
Corresponding potential triangles in ES and NQ. See Charts and yesterday's EOD for details.



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