Tuesday, June 10, 2014

Market Timing Update (6/10/14)

[EOD] Stocks-
On one hand, a failed HS in ES is likely bullish and hints at a new high (Chart 1). On the other hand, the recent gap in SP500 cash presents a partial set up for an island reversal if the market chooses to act that way (i.e.) gap down tomorrow (Chart 2). Let's wait and see.

[720am] ES update-