Wednesday, August 17, 2011

Market Timing Update (8/17/11)

[EOD] Stocks -
Tracking counts
[bullish] wave 2 retrace, zigzag (see chart 2, green 1)
[bullish] wave 2 retrace, complex three (see chart 2, blue 1)
[bearish] completed double three rebound, wave [b]/B retrace or resumption of impulse wave down to lower lows (see chart 2, red).

[155pm] SPX count update -

[8am] Overnight update (ES) -
A potential triangle as bullish (b) of iv or bearish (c).