Market Timing Update (12/12/18)

SPX is probing the green line for support. 

Structure tracking update -

Market Timing Update (12/11/18)

Structure:

Market Timing Update (12/10/18)

One more low would look better for the red i-down,  perhaps for the green [b]-down too.  Not required, but better form.

MTU Weekend Ed. - MA Crossings (12/7/18 close)

Moving average crossings paint a bearish picture for the intermediate term.  Wave structures offer short term flexibility.

The monthly SPX chart shows negative divergence (price vs RSI) against the double top in 2018.  The MACD also did a bearish crossing - note the significant weakness subsequent to such MACD bearish crossings in the past (circled).  SPX has been probing the mid-BB over the past three months.  If the mid-BB support does not hold, the lower BB (currently at 2372) presents a reasonable next-level support.

The weekly SPX chart shows the probing of the lower BB in recent weeks.  This past week's candle is not bullish.  The rectangle consolidation zone should be monitored.

The daily SPX chart finally did a death cross on Friday.  Note the steep decline in MA50 and the weakness in MA200.

Short term wave structures offer some flexibility since this past week's decline is likely a small degree first wave or B wave.

Market Timing Update (12/6/18)

Chart 1 - Less than 1 index point ahead of a death cross in SPX, bull (green) and bear (red) tracking.
Chart 2 - Squiggles from today's low associated with the bull-bear tracking.

Market Timing Update (12/5/18)

How does the plunge in today's ES fit the bigger picture?  Bull (green) / Bear (red) tracking.

Market Timing Update (12/4/18)

A third failed probe at the MA200 from below in SPX. Less than 6 index points between MA50 and MA200 ahead of a potential death cross against the backdrop a yield curve inversion.

While a triangle is a less likely count, it's rather fitting for a bearish triangle to end on the perceived positive trade war development at G20.

SPX closed at the low and around the 0.618 fib retrace of its recent upswing. Tracking count