Wednesday, May 4, 2016

Market Timing Update (5/4/16)

[EOD] Stocks -
SPX is wedging at a couple of degrees. See charts.

[135pm] SPX update -
Squiggles off the high. See chart.

[905am] ES update -
A cluster of support gave way to continued selling in ES. An expanding LD down targets a level below 2029. An upward expanded flat points to a rebound toward 2080. See charts and short term tracking.