Monday, June 13, 2016

Market Timing Update (6/13/16)

[EOD] Stocks -
SPX dropped to its MA50 today, in a visual five-wave decline which can also be tracked by an ABC at the moment(Chart 1).

A five-wave decline suggests further selling. An ABC decline also brings up the possibility that this is wave(e)-down of a large expanding triangle (Chart 2, green).

No change in the larger tracking (Chart 3).