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Monday, June 25, 2018
Market Timing Update (6/25/18)
SPX filled several gaps as expected. A couple more open below.
At a larger degree, SPX is correcting a potential small-degree DT
NDX is done (red) or has a small-degree wave five to go (blue)
You may recall weeks & mths ago I said to watch around 24 Jun for trend change.
The count MTU has there on charts 4 & 5 is out because of the distortion to the wave structure.
Neg blue 1 or red A is possibly the low in early May.
It is the late moving tech related stks that have held the main indexes up longer than usual.
On basis of these index charts the main trend is still not yet fully clear. But 5 waves appear to have been expended from the 2009 low and possibly the 1982 low.
You may recall weeks & mths ago I said to watch around 24 Jun for trend change.
ReplyDeleteThe count MTU has there on charts 4 & 5 is out because of the distortion to the wave structure.
Neg blue 1 or red A is possibly the low in early May.
It is the late moving tech related stks that have held the main indexes up longer than usual.
On basis of these index charts the main trend is still not yet fully clear. But 5 waves appear to have been expended from the 2009 low and possibly the 1982 low.