Monday, June 27, 2016

Market Timing Update (6/27/16)

[EOD] Stocks-
SPX pulls back to test the Fib382 level, fills a downward gap, and closed below its MA200 and just above 2000. See chart.

[1045am] ES update-
A potential (completed/completing) 5-wave decline in ES from its Brexit high. SPX cash is filling the next gap. See charts.

[945am] SPX update- 
SPX tests its MA200 and one of the short term Fib targets. See charts.