Using Timing Clusters To Spot SPX Correction

Timing does not always work....but it is ALWAYS worth watching for when it does!!  First let's look at the histogram timing we saw for a possible high in SPX  this past week.  The highest scores on the histogram coming up at that time came in 11/11-13.  Note that actual high was made on 11/11 which was followed by a very healthy pullback.  The other reason we knew to watch for a possible correction was the fact that SPX was very much extended from multiple swings.

So far we have seen a decline of 164.30 from this timing cluster.  Next we will look for a possible low with our next timing early this week.  Just remember if there is no trigger against the zones....don't take the trade.  If the setups do trigger, the max risk I look at is below the price cluster.  Options strategies are great for this!!

Hope you're all having a great weekend!!