Friday, December 21, 2012

Market Timing Update (12/21/12)

[945am] SPX and VIX updater -
From the perspective of the cash index. See charts.

[855am] ES updater -
Overnight sell-off on fiscal cliff pessimism. It reminds me of the initial TARP vote. Chart 1 offers the larger count and Chart 2 squiggles. It appears that the overnight low is likely to be retested.