[EOD] Stocks-
A couple of EDTs to consider if SPX found its low: A small degree EDT to complete the post-election rally (Chart 1) or more likely the post-election rally being an EDT itself (Chart 2).
If the potential island reversal is valid, SPX should break down quickly to either start a larger down swing or to complete this wave C of a bullish expanding flat pullback.
Disclaimer: Each post is for informational purposes only. It is not a solicitation, a recommendation or advice to buy or sell any security or investment product. Information provided in each post does not constitute investment advice.
Tuesday, January 31, 2017
Monday, January 30, 2017
Market Timing Update (1/30/17)
[EOD] Stocks-
SPX filled a gap below and at the same time created a gap above, found support at potential w2/w4 trend line and rebounded into the close (Chart 1). The pair of gaps present a potential island reversal if there is follow-through selling (Chart 2).
SPX filled a gap below and at the same time created a gap above, found support at potential w2/w4 trend line and rebounded into the close (Chart 1). The pair of gaps present a potential island reversal if there is follow-through selling (Chart 2).
Saturday, January 28, 2017
MTU Weekend Ed. - A Small Degree Breakout (1/27/17 close)
... draft in progress, subject to change ...
This past week's up-candle in SPX likely represents a small-degree breakout, when compared to the previous two breakouts (Chart 1). As such, a correction of (at least) the post-election rally is likely, especially in light of the five open gaps below (Chart 2).
The futures market offer cleaner tracking counts than the cash market(Chart 3), which can be easily mapped into the cash index.
This past week's up-candle in SPX likely represents a small-degree breakout, when compared to the previous two breakouts (Chart 1). As such, a correction of (at least) the post-election rally is likely, especially in light of the five open gaps below (Chart 2).
The futures market offer cleaner tracking counts than the cash market(Chart 3), which can be easily mapped into the cash index.
Thursday, January 26, 2017
Wednesday, January 25, 2017
Market Timing Update (1/25/17)
[EOD] Stocks-
New new high in SPX. See charts for tracking counts (daily, weekly, and since the 2009 bottom).
New new high in SPX. See charts for tracking counts (daily, weekly, and since the 2009 bottom).
Monday, January 23, 2017
Sunday, January 22, 2017
Thursday, January 19, 2017
Market Timing Update (1/19/17)
[EOD] Stocks-
Potential bullish triangle and IHS in SPX if it decides to breakout upwards (Chart 1, green). On the bearish side, serial LDT remain in play (Chart2).
Potential bullish triangle and IHS in SPX if it decides to breakout upwards (Chart 1, green). On the bearish side, serial LDT remain in play (Chart2).
Wednesday, January 18, 2017
Tuesday, January 17, 2017
Friday, January 13, 2017
MTU Weekend Ed. - IHS or Serial LDT? (1/13/17)
Is a potential inverse head-and-shoulders pattern developing?
How about a series of bearish leading diagonal triangles?
Thursday, January 12, 2017
Market Timing Update (1/12/17)
[EOD] Stocks-
SPX is still trying to breakout with respect to the gray line in Chart 1. Are we looking at an expanding-LDT down (Chart 2 red) or a potential IHS (Chart 1 green line)?
SPX is still trying to breakout with respect to the gray line in Chart 1. Are we looking at an expanding-LDT down (Chart 2 red) or a potential IHS (Chart 1 green line)?
Tuesday, January 10, 2017
Market Timing Update (1/10/17)
[EOD] Stocks-
SPX is still flirting with potential support (Chart 1 and Chart 2). A potential small-degree 4th wave triangle looks interesting (Chart 3-blue). However, the after market drop in ES is getting too close for comfort (Chart 4).
SPX is still flirting with potential support (Chart 1 and Chart 2). A potential small-degree 4th wave triangle looks interesting (Chart 3-blue). However, the after market drop in ES is getting too close for comfort (Chart 4).
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