Tuesday, April 22, 2014

Market Timing Update (4/22/14)

[2pm]SPX update-
SP500 broke above the 2nd resistance area(red line), now approaching the 3rd resistance area (purple line), followed by the 4rd resistance area (green line). The advance from the April low has produced two unclosed gaps, one at the 1st resistance area and another at the 2nd resistance area. Transports made a new all-time high today. See charts here and previous updates for additional discussion.


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