Market Timing Update

Market Timing Update Blogspot. Disclaimer: Each post is for informational purposes only. It is not a solicitation, a recommendation or advice to buy or sell any...

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Market-timing-update.blogspot.com news digest

  • 1 month

    Weekend Update - Trendline rejection (3/8/24)

    SPX was rejected by the blue trendline Friday.  The trendline had been sucessfully tested four times and held since November, until now.  SPX has unable to break above the trendline so far.  Since November, there have been six unfilled gaps below. Waves...

  • 1 month

    Weekend Update - Throwover (3/1/24 Close)

     SPX is now in the throwover territory. See chart.

  • 2 months

    Weekend Update - Upside (2/23/24 close)

     If it is an expanding diagonal triangle from Oct 2022 (blue), SPX is overthrowing. If we have a regular five wave (red), this past week’s advance may be part of wave three of wave five, with wave four-down and five-up left. The NYSE composite has finally...

  • 2 months

    Weekend Update - Confirmation (2/16/24 close)

    The high in SPX presents a nice Fib profile. Since the high, SPX has probed the blue trendline twice, where it has held each time, so far. Monitor for a meaningful breach of the blue trendline for some confirmation of a high.

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