Thursday, November 10, 2016

Market timing Update (11/10/16)

[EOD] Stocks-
To follow up yesterday's EOD discussion about prospects of a breakout - SPX broke above the resistance lines today, but closed below them (Chart 1)- no confirmation of a breakout today. See chart 2 for bull/bear tracking. The Dows makes and closed at a new all-time high (Chart 3), tracking the decennial pattern (Chart 4)so far.

[845am] ES update-
ES bull/bear (blue/red) tracking counts update. See chart.