S&P Timing

Today….Let’s just look at S&P timing.

The big question in today’s market is whether or not the current decline is only temporary, or if we have a more important high in place.  Sorry to say I have to take this market from one decision to the next and I do NOT know the outcome for sure.

I will however have you watch two time windows that are coming up as far as timing for a possible tradeable low to develop in the S&P.  You can use SPY options for this one!  The timing dates illustrated on the chart for a possible intermediate low to develop come in 6/24-27 and then 7/2-5.  I will be watching for buy triggers against these time windows.

CB SPtiming

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Carolyn Boroden

Carolyn Boroden is a commodity trading advisor and technical analyst specializing in Fibonacci analysis. Her unique form of price and time analysis is quickly proving to be one of the most promising trading techniques using Fibonacci available today. Ms. Boroden's first book, Fibonacci Trading: How to Master the Time and Price…