Wednesday, June 22, 2011

Market Timing Update (6/22/11)

[IYR] Bullish Count -
This count appears to channel well.
[8pm] ES count update -

[EOD] Stocks -
The first three charts updates the top tracking counts. Note that the rebound so far has retraced about 0.382 fib (chart 1). Chart 4 updates the squiggle count on SPX discussed earlier.

[340pm] Squiggle update (SPX)-
see the second chart below
[120pm] Squiggle update (SPX)-
Multiple near term options before Ben's press conference, including two triangles and one ED.
[820am] Overnight update (ES, NQ)-