Thursday, September 15, 2016

Market Timing Update (9/15/16)

[EOD] Stocks -
Chart 1 updates yesterday's observation that a potential zigzag/flat pullback was ending. Today's rebound confirms. Whether it was an initial pullback or an completed pullback remains to be seen.

In fact, today's rebound is again on less-impressive volume and has failed to fill the gap in a single session. Furthermore, SPX is again reacting to potential resistance (Chart 2). Tomorrow is a quadruple/triple witching day. Let's see how market moves.




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