[EOD] Stocks-
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.
Wednesday, May 31, 2017
Tuesday, May 30, 2017
Saturday, May 27, 2017
Thursday, May 25, 2017
Wednesday, May 24, 2017
Tuesday, May 23, 2017
Monday, May 22, 2017
Market Timing Update (5/22/17)
[EOD] Stocks-
Bull (green) / bear (red) squiggles of the rebound in SPX(Chart 1) and the preferred larger structure (Chart 2). See charts.
Bull (green) / bear (red) squiggles of the rebound in SPX(Chart 1) and the preferred larger structure (Chart 2). See charts.
Saturday, May 20, 2017
MTU Weekend Ed. - The Bigger Picture (5/19/17 close)
The preferred count, one of several credible tracking counts, places SPX in a fourth wave pullback with respect to the key Feb 2016 low. See chart.
There are two key potential structures of the current fourth wave pullback. [1] While an expanded flat to MA200 (green 4) makes more sense in terms of the local structure, it fails to alternate with wave 2. That leaves us with two key possibilities within this scenario - (a) [iii] but not 3 topped in early March (b) wave 4 is a complex combo (expanded flat-x-something).
[2] A shallow triangle (blue S4). Since this past week's one-day sell-off is most likely an impulse wave, we likely saw wave (a)-down and (b)-up of wave [c]-down on Thursday and Friday.
There are two key potential structures of the current fourth wave pullback. [1] While an expanded flat to MA200 (green 4) makes more sense in terms of the local structure, it fails to alternate with wave 2. That leaves us with two key possibilities within this scenario - (a) [iii] but not 3 topped in early March (b) wave 4 is a complex combo (expanded flat-x-something).
[2] A shallow triangle (blue S4). Since this past week's one-day sell-off is most likely an impulse wave, we likely saw wave (a)-down and (b)-up of wave [c]-down on Thursday and Friday.
Thursday, May 18, 2017
Wednesday, May 17, 2017
Market Timing Update (5/17/17)
[EOD] Stocks-
SPX filled its Mar-Apr gaps and closed below its 50-day moving average (Chart 1). The speed of the sell-off is consistent with the prior wave being an expanding diagonal triangle highlighted in recent updates (Chart 2). There is more to go if we had an ending DT (Chart 2-blue), less to go if we had an leading DT (Chart 3).
SPX filled its Mar-Apr gaps and closed below its 50-day moving average (Chart 1). The speed of the sell-off is consistent with the prior wave being an expanding diagonal triangle highlighted in recent updates (Chart 2). There is more to go if we had an ending DT (Chart 2-blue), less to go if we had an leading DT (Chart 3).
Tuesday, May 16, 2017
Monday, May 15, 2017
Friday, May 12, 2017
Thursday, May 11, 2017
Tuesday, May 9, 2017
Monday, May 8, 2017
Saturday, May 6, 2017
Thursday, May 4, 2017
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