Thursday, August 18, 2016

QUICK UPDATE: Here are a couple charts (four hour S&P 500 (SPX), iShares Emerging Markets ETF (EEM)) that are beginning to show some price exhaustion on shorter time frames. Until all price exhaustion points are fulfilled, the current environment should stay choppy to higher, and more meaningful selling should come when the weekly S&P 500 (SPX) price exhaustion counts are fulfilled. Screen Shot 2016-08-17 at 8.19.16 PMScreen Shot 2016-08-17 at 8.56.46 PM

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