Friday, July 29, 2011

Market Timing Update (7/29/11)

[110pm] Wilshire 5000 count update -

[1230pm] ES count update -
See the 2nd chart below, bouncing off MA200
[9am] ES Squiggles -
ES - a potential thrust out of an overnight triangle
SPX cash - now around 200MA and a month-end session
[720am] Overnight update (ES, DX) -
ES - some potentially wave-completion action overnight
DX - close to confirm a double bottom if overlap occurs