Market Breadth Data******************************

Wednesday, June 08, 2011

Here's the SP500 with Price & Time Matrix:



A note on time pivots:

Cycles take time to develop, and very often there is more than one time cycle in play. For single cycles, I give the starting time; for composite cycles, I choose the "apex", i.e. the time when most of them are active at the same time, irrespective of when they start or end. That's why the +/- 5 min allowance.

Usually, the SP500 has a turn around 10 a.m. when economic news are released, or around 14:15 on FOMC days. Since these days and times are known in advance, I often don't include them in order to make room for other, less obvious, time pivots.
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