Tuesday, June 14, 2016

Market Timing Update (6/14/16)

[EOD] Stocks -
SPX hit a key TL today (Chart 1) and rebounded, also tested the MA50 and closed nearly at MA50. The low of this leg of the downswing is likely in and a rebound is in progress. The Alt is that the rebound into the close is part of a small-degree 4th wave, which is likely to be capped by the green line in Chart 2.