S&P 500 (SPX) Update

The fairly persistent rise up off the 2357 SPX low yesterday and lack of selling today opens the door to the low being of greater import than a mere first impulse down, that it may in fact terminated the corrective formation we have been in since March. The lack of...

Consumer Discretionary ETF (XLY) 2017-05-10

I’ve taken a look at this sector ETF to see if it had any clues to wear we are in the broader stock indices. In general looks like the SPX. Either the expected near term high is the penultimate high or with a different EW count, this could be a more significant...

Dow intraday update

I include an intraday chart of one of the equity indices, usually SPX, in the morning day ahead post but am putting it here as a separate post as the best way to bring it to your attention. I had previously stated in the day ahead post that I just add more charts to...