Tuesday, March 17, 2015

Market Timing Update (3/17/15)

[EOD] Stocks -
SP500 successfully retested the red trend line discussed yesterday. However, the personality of the rebound off that red line leaves the door open for another retest tomorrow. If the bulls can gap the market above the green line in a sustainable manner, a potential iHS pattern projects to the 2120 area which hints at a marginal record high. See chart.

[1005am] SPX update -
The retest of the red line discussed yesterday is now here. Let's see if the line holds.