Monday, February 5, 2018

Market Timing Update (2/5/18)

SPX (2648.94) closed in between MA50 (2716.15) and MA200 (2533.87), wiping out more than its 2018 gains in 5 trading days.

SPX is at its lower channel (Chart 1).  The decline to date can be counted as a mature five, with the possibility that the current area is only 3 of that five or C-down (Chart 2).


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