Thursday, September 29, 2016

Market Timing Update (9/29/16)

[230pm] SPX update-
Interesting possibility (one of the scenarios) -
If the Sep 27th low holds, today's low may conclude a terminal bullish triangle (the 2nd green C in Chart) and thus mark the end of the pullback from the Aug high. Quite fitting on the heels of the DB news.
If the Sep 27th low is breached but the early Sep low holds, the proposed bullish terminal triangle is then stretching in time (the 3rd green C in chart).
See chart.
[110pm] SPX update-
Short term bull & bear squiggles. See chart.
[1220pm] SPX update-
Bull & Bear Tracking. See chart.