Friday, August 31, 2018

Friday, August 17, 2018

MTU Weekend Ed. - Structure (8/17/18)

SPX weekly chart continue to present a potential bear flag (red/blue) or a weak wave 5 (green).

Since INDU made a minor higher high on Friday, SPX may be finishing a small-degree wave C or wave five [green] whose minimum requirement (higher than wave A) has already been met.

On its own structure, SPX presents a potential head-and-shoulders bearish structure and a potential bullish triangle.

Thursday, August 16, 2018

Market Timing Update (8/16/18)

The potential development of a head-and-shoulders pattern (bearish) or a triangle (bullish) in SPX brings interesting interpretations of the bigger picture. See charts.

Monday, August 13, 2018

Market Timing Update (8/13/18)

The missing w5-down materialized today in SPX (Chart 1 red).  Wave 5 could extend if the market wishes.

Reversal (Chart 2 red) or Wave [c]-down of a bullish flat (Chart 2 blue)? Time will tell.

Saturday, August 11, 2018

MTU Weekend Ed. - Potential Reversal

Indices are diverging. Some made minor higher highs, some fell short.  In SPX, a larger degree bear flag and potential reversal attempts remain.