Wednesday, December 21, 2011

Market Timing Update (12/21/11)

[340pm] SPX/ES update -
On balance, odds favor the expanded flat count (blue) or the more bearish count (red) on the cash SPX. The overnight high in ES is still intact.

[1215pm] DAX, ES update -
Tracking counts, you be the judge. Red, bearish. Blue/Green, bullish.

[830am] DAX, ES update -
Five wave up from the recent low is complete. Let's find out if it is
(1) the end of an expanded flat in DAX and ES or
(2) the 1st wave up of the next swing up or
(3) most confusion, a truncated upswing already