Tuesday, December 4, 2012

Market Timing Update (12/4/12)

[EOD] Stocks -
Chart 1 presents the bigger picture for ES (see 205pm update for the corresponding chart on the SP500 cash index). Chart 2 updates the squiggle tracking count on SPX. Odds appear to favor an additional decline after some consolidation.

[205pm] SPX squiggles -

[815am] ES update -
Near term tracking counts. See chart.