Monday, July 18, 2011

Market Timing Update (7/18/11)

[EOD] Stocks -
Since the rebound is so far 7 waves, one cannot rule out one more lower low. In fact, the blue count (zigzag) supports a lower low. On the other hand, the green count (double zigzag) has the low in place.
[1030am] Count update (SPX) -
see the 2nd chart below
[7am] Overnight update (ES) -