Market Timing

Markets overshoot to both the upside and the downside but the trend is the best indicator we have as to where the market is going. The image below shows the trend in the background color of each of the four charts for four time frames: Weekly, Daily, 240 minutes, and 60 minutes. Having all these time frames together in one image helps show and break down the turning of the market from going up to going down and in what time frame. A corrective trend is occurring within a larger bull market if we focus on the two charts on the right side of the image, the 240 minute and 60 minute time frame, with the pink background color. Click on image to enlarge.