Thursday, May 22, 2014

Market Timing Update (5/22/14)

[EOD] Stocks -
The Dow Transports made a fresh all-time high today, satisfying the minimum requirement of a potential EDT (Chart 1). SP500 is close to a new high before turning down into the close. Note that SP500 is also at the right shoulder of a potential HS pattern (Chart 2).

[715am] ES update -