Monday, November 12, 2018

Market Timing Update (11/12/18)

SPX lost its SMA200 again.  Note that both SMA50 and SMA200 are now sloping downward.
The current drop counts well as an expanding diagonal triangle (LDT?) in ES and a regular five in SPX cash.

The following chart show how it fits the bigger picture - see Structure Update (11/9/18) for details.

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