Wednesday, July 29, 2015

Market Timing Update (7/29/15)

[EOD] Stocks -
An emotional market makes better-formed waves. See charts.

[1215pm] SPX/TRAN/INDU update -
Pre-FOMC, SPX is approaching potential resistance (Chart 1). Transports are showing relative strength (Chart 2). Tracking the current upswing to new highs or as a corrective rebound as marked.

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