Monday, February 2, 2015

Market Timing Update (2/2/15)

[EOD] Stocks -
Once again, we have 3 waves down from the all-time high in SP500 (Chart 1) and 11 or 9 waves from the Jan 22nd high (Chart 2) so far. Chart 3 and Chart 4 show how they might fit into the larger structure. See Monthly Outlook Update (1/30/15) for discussions.

[1025am] SPX update-
New month. The decline in SP500 from its Jan high appears to be morphing into an EDT / LDT. See charts again for tracking the number of waves at two degrees.