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

For more information on triggers, please check out:

http://www.fibonacciqueen.com/fibqueenguidelines.pdf