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.