Wednesday, September 14, 2016

Market Timing Update (9/14/16)

[EOD] Stocks-
The Dow/MID/RUT made a fresh Sept/downswing low late afternoon today (Chart 1), effectively eliminating a bullish terminal triangle scenario in SPX. There is a bullish scenario as a potential zigzag or flat is ending (Chart 2), save for a small-degree fifth wave decline (Chart 2 blue (v). There is no guarantee that this scenario will be realized, but it is worth tracking at the moment.

[3pm] SPX update-
The bigger picture. See chart.

[1035am] SPX update-
Squiggles and tracking counts. See charts.