Wednesday, April 24, 2013

Market Timing Update (4/24/13)

[EOD] Stocks -
SP500 is wrapping up a five-up from its April low. Near term options are highlighted in Chart 1 where
(red arrow) a high is in
(blue arrow) an EDT wave [v] is unfolding
(green arrow) wave [iv] is still unfolding, to be followed by wave [v]

Chart 2 updates how near term squiggles could fit into the larger tracking counts.


[943am] SPX update -
short term structure. see chart.
[910am] ES update -
Tracking counts in ES. Note that the blue count in Chart 2 assumes the most bullish sequence.



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