Wednesday, July 11, 2018

Market Timing Update (7/11/18)

A five-down from yesterday's high? The red count has uncertainty regarding look and feel, but does not violate rules. The blue count has better look and feel, but wave 5 expanding EDT does not measure right - it's counted wrong or it is not done yet (can morph into a contracting EDT etc).
Tracking counts

Monday, July 9, 2018

Market Timing Update (7/9/18)

Stocks are close to making a higher high.

The Dow is apparently lagging.   A potential bearish triangle is applicable to both indexes and is consistent with a lower low in INDU but not a lower low in SPX in April.  In that case, the potential triangle is  either approach immediate conclusion (E-up) or still in D-down.



Saturday, July 7, 2018

MTU Weekend Ed. - Bear Flag (2) (7/6/18 close)

SPX is retesting the underside of a potential bear flag

The potential bear flag is either done (Chart 2 and Chart 3 red) or has one more high (Chart 3 gray Z)

NDX avoided a key overlap (Chart 4) but presents a potential five-down (Chart 5)