Thursday, February 28, 2013

Market Timing Update (2/28/13)

[2pm] SPX update -
A potential small-degree five-wave advance from recent low is likely approaching its end. Counts as [i]-up of 5-up, (c)-up of [b]-up of 4-down (or [ii]-up except for the Dow). See charts.

[805am] ES update -
Month end. ES squiggle from pullback low has a bullish impulse or a bearish flat (Chart 1). See yesterday's EOD update for top near term tracking counts.