Tuesday, October 18, 2016

Market Timing Update (10/18/16)

[EOD] Stocks -
Overall, it looks like a weak upward gap in SPX today - no higher highs and reaction at the green line resistance (Chart 1). As long as the green line holds, a probe of the green line in Chart 2 looks probable.  SPX closing above the green line makes it possible to fill the gap above. Chart 3 updates the tracking counts.



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