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Wednesday, June 8, 2016
Market Timing Update (6/8/16)
[EOD] Stocks -
The 3rd attempt by SPX at breaking above the post-ATH lower-high trend line has so far been successful (Chart 1), with this week being a potential time-pivot.
Under the assumption that the three-wave profile is continuing, SPX would currently be in a wave C (Chart 2), and with many unfilled gaps below. Chart 3 presents near term tracking.