Tuesday, December 4, 2018

Market Timing Update (12/4/18)

A third failed probe at the MA200 from below in SPX. Less than 6 index points between MA50 and MA200 ahead of a potential death cross against the backdrop a yield curve inversion.

While a triangle is a less likely count, it's rather fitting for a bearish triangle to end on the perceived positive trade war development at G20.
SPX closed at the low and around the 0.618 fib retrace of its recent upswing. Tracking count

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