Monday, April 20, 2015

Market Timing Update (4/20/15)

[EOD] Stocks -
SP500 filled Friday's gap as the likely trajectory suggested, and is now at resistance (Chart 1).
Chart 2 (blue and green) presents the bullish counts discussed in the weekend commentary. A retest of the lower line of the triangle cannot be ruled out.
A more bearish scenario is tracked by Chart 3, which is also discussed in the weekend commentary. It counts (potentially) today's high as point 11B.

[730am] ES update -


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