Thursday, October 20, 2016

Market Timing Update (10/20/16)

[EOD] SPX update-
Very little net progress. See charts.

[1050am] SPX update-
Bull/bear squiggles (Chart 1) and reaction at the green line and potential gap-fill and test of the blue line (Chart 2).

[835am] ES update-
ES is wedging or coiling depending on the perspective. ES has now satisfied the requirement for the red D if an expanding DT is in play. See chart.