SPX is at its lower channel (Chart 1). The decline to date can be counted as a mature five, with the possibility that the current area is only 3 of that five or C-down (Chart 2).
Monday, February 5, 2018
Market Timing Update (2/5/18)
SPX (2648.94) closed in between MA50 (2716.15) and MA200 (2533.87), wiping out more than its 2018 gains in 5 trading days.
SPX is at its lower channel (Chart 1). The decline to date can be counted as a mature five, with the possibility that the current area is only 3 of that five or C-down (Chart 2).
SPX is at its lower channel (Chart 1). The decline to date can be counted as a mature five, with the possibility that the current area is only 3 of that five or C-down (Chart 2).
