Corrective Action - Market Analysis for Nov 14th, 2016

Nov 14, 2016 - 2:53 PM EST

The action we experienced today in the SPX seems to support that we are in a wave 2 consolidation/pullback. That being the case, nothing has changed from my expectations over the weekend. As long as we hold the “support” box, we are poised to see a big break out in the heart of a 3^rd wave, which will follow the action seen in the IWM recently.

And, again, it takes a break down below the “Clinton-exoneration” low to invalidate this pattern.

1turnchart

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