Thursday, May 26, 2011

Market Timng Update (5/26/11)

[EOD] Stocks -
Tracking counts are still tracking (Chart 1). Added a near term target zone based on the RUT fractal (see 1pm entry).

Chart 2 counts the 5-min bars and Chart 3 counts the 1-min bars.

[1pm] RUT fractal update -
To the extent that the potential fractal in RUT is still tracking (for RUT and possibly the broader market), RUT is heading towards the red #6 point on the chart with a target around the blue #4 point. See Chart below.

[10am] SPX squiggles -
See yesterday's EOD update for the larger counts.
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