Tuesday, August 16, 2011

Market Timing Update (8/16/11)

[EOD]Stocks -

Several near term tracking counts to consider.
[Purple] The "best" corrective count may be a triangle wave [x]
[blue] The "best" impulse count may be a triangle wave [iv] in cash and a potential leading diagonal in futures.
[green] ultra bullish count - 1212 set up, or 2-down being a complex three still in progress.
[red] ultra bearish count - a double three rebounded has ended.


[1230pm]SPX squiggle update -
see 2nd chart below
[1015am]SPX squiggle update -
[810am]Overnight update (ES)-
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