Thursday, May 21, 2015

Market Timing Update (5/21/15)

[EOD] Stocks -
SPX got very close to a new high today but did not deliver. Tracking a potential expanding triangle or complex combo wave 4 on the bullish side or a top yesterday on the bearish side. See chart.

[850am] ES update -
ES is probing the neckline support following an overthrow of the potential red EDT. The IHS target offers an overthrow of the potential black EDT. See Charts.