Monday, May 16, 2011

Market Timing Update (5/16/11)

[EOD] Stock -
An A-B-C corrective decline is potentially approaching its end as indicated in the 2nd chart below. The chart to the right offers a similar count on ES.

On the bearish side, here's a squiggle count chart of the Feb-Mar sell-off in ES, do you see a "You Are Here" ?

[250pm] Squiggle update (SPX) -
[730am] Overnight update (ES) -