Tuesday, January 31, 2017

Market Timing Update (1/31/17)

[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.

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).

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.

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).

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)?

Market Timing Update (1/11/17)

[EOD] Stocks-

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).

Market Timing Update (1/9/17)

[EOD] Stocks-
SPX retests for potential support. Let's see if the line holds.