Wednesday, December 17, 2014

Market Timing Update (12/17/14)

[EOD] Stocks -
SP500 stalled at the red neckline (Chart 1), which is likely important. Squiggle tracking counts from the nominal low range from very bullish (green 1-2-[i]), to quite bullish (blue five up), to bearish (red [a]-[b]-[c]). See Chart 2. Chart 3 presents how today's rebound might fit into the larger picture. Meanwhile, 10Y yields bounced off the base channel line (Chart 4). See Monthly Outlook Update (11/28/14) for more.

[225pm] SPX update -
Watch the red neckline. See charts.

[805am] ES update -