Possible Truncated Stock Market High?
Stock-Markets / Stock Markets 2016 Mar 30, 2016 - 07:20 AM GMTSPX peaked (so far) today at 15:25 hours at a high of 2055.91. Should it go no higher, it may be the orthodox high, if not the numeric high, which still stands on March 22. The March 22 SPC (futures) high was 2047.75, while today’s high was 2047.50.
I had mentioned in yesterday’s email that today is a Pi date. These dates come at important highs and lows in the Cycles. An aggressive sell signal may come at the crossing of the trendline at 2040.00 or Short-term support at 2032.17.
TNX is already confirming the sell signal, while VIX is still beneath it’s trendline.
I wish to inform you that there has been a death in the family and I will be leaving for Missouri on Thursday. I plan on writing the Mid-Week Report, but there will be no Weekend Update.
Regards,
Tony
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