Tuesday, September 5, 2017

Market Timing Update (9/5/17)

[EOD] SPX -
Short term island reversal. Right shoulder of a potential HS top, needs follow through. Or right shoulder of a smaller IHS bottom? or wave E-down of a bullish triangle? Interesting times. See charts.


Thursday, August 31, 2017

Friday, August 25, 2017

MTU Weekend Ed. - Primary Trend Line Test (8/25/17)

SPX is probing the green primary trend line (Chart 1).  This trend line is likely to break in coming days/weeks as the Midcap index, Russell2000, Wilshire 5000 and Transports have already broken their corresponding lines.

Tuesday, August 22, 2017

Market Timing Update (8/22/17)

[EOD] SPX-
SPX is testing its MA50 from below, closed above it today.
See the Weekend Update for details.