[EOD] stocks-
SPX tested its SMA50 today.
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.
Thursday, June 29, 2017
Wednesday, June 28, 2017
Tuesday, June 27, 2017
Monday, June 26, 2017
Sunday, June 25, 2017
Thursday, June 22, 2017
Wednesday, June 21, 2017
Market Timing Update (6/21/17)
[EoD] Stocks-
see yesterday's update for more.
Potential impulse wave decline in the Dow, not confirmed by the SPX.
see yesterday's update for more.
Potential impulse wave decline in the Dow, not confirmed by the SPX.
Tuesday, June 20, 2017
Market Timing Update (6/20/17)
[EOD] Stocks -
Short term tracking - completed 123/abc from the Apr low, or completed impulse from the May low.
More short term tracking - other variations
A bigger picture
Short term tracking - completed 123/abc from the Apr low, or completed impulse from the May low.
More short term tracking - other variations
A bigger picture
Monday, June 19, 2017
Saturday, June 17, 2017
MTU Weekend Ed. - Short Term Update (6/16/17 close)
New highs in the Dow and the consolidation in SPX since its high suggest potential extension or a topping process still in progress.
Potential extension - current consolidation is potentially the blue wave 2-down of wave (5)-up in Chart 1.
Topping process - Chart 2.
blue [iv] bullish triangle
red [v] bearish terminal triangle
green [iv] bullish zizag/flat/triangle
Potential extension - current consolidation is potentially the blue wave 2-down of wave (5)-up in Chart 1.
Topping process - Chart 2.
blue [iv] bullish triangle
red [v] bearish terminal triangle
green [iv] bullish zizag/flat/triangle
Thursday, June 15, 2017
Wednesday, June 14, 2017
Tuesday, June 13, 2017
Monday, June 12, 2017
Saturday, June 10, 2017
MTU Weekend Ed. - The 2016-2017 rally (6/9/17 close)
A major (interim) high is potentially at hand. Chart 1 tracks the advance in SP500 since its 2016 low. One can now count 7 completed waves, barring an extension at a smaller degree (as discussed below). A 7-wave advance (so far) would suggest that Friday's high is potentially
green (3) of a five-wave advance - Note that wave (3) is the extended wave, with nice alternation between its wave 2 and wave 4. Furthermore, since wave (3) has extended, wave (5) is unlikely to do so.
Under this impulse-wave count for the entire advance, Friday's high is unlikely to be only wave [i] of 5 of (3), given how much NDX has given up.
green (C) of a zigzag/flat - Wave (A) is much shorter than wave (C) in time and price, which is less ideal.
Under this impulse-wave count for wave (C), Friday's high is unlikely to be only wave [i] of 5 of (3), given how much NDX has given up.
red (C) of a double zigzag - Note that the entire zigzag is well-contained by its channel. However, since wave C of (C) appears too short in both price and time, Friday's high is likely to be only wave [i] of C of (C)
Chart 2 tracks the advance since the June 2016 low to offer additional details.
green (3) of a five-wave advance - Note that wave (3) is the extended wave, with nice alternation between its wave 2 and wave 4. Furthermore, since wave (3) has extended, wave (5) is unlikely to do so.
Under this impulse-wave count for the entire advance, Friday's high is unlikely to be only wave [i] of 5 of (3), given how much NDX has given up.
green (C) of a zigzag/flat - Wave (A) is much shorter than wave (C) in time and price, which is less ideal.
Under this impulse-wave count for wave (C), Friday's high is unlikely to be only wave [i] of 5 of (3), given how much NDX has given up.
red (C) of a double zigzag - Note that the entire zigzag is well-contained by its channel. However, since wave C of (C) appears too short in both price and time, Friday's high is likely to be only wave [i] of C of (C)
Chart 2 tracks the advance since the June 2016 low to offer additional details.
Thursday, June 8, 2017
Wednesday, June 7, 2017
Tuesday, June 6, 2017
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