Thursday, May 12, 2016

Market Timing Update (11/12/16)

[EOD] Stocks -
Yesterday's inside bar in SPX saw a break out to the downside today, odds appear to favor a lower low if the breakout holds.

In addition to the tracking scenarios from the high in Chart 1, Chart 2 highlights a larger bearish triangle given the choppy three-wave swings in recent days. See charts.