Tuesday, May 14, 2013

Market Timing Update (5/14/13)

[EOD] Stocks - 
Chart 1 counts off the November low. The more bullish green count is now suspect as wave [v] exceeded its limit by a hair (see Short Term Update (5/10/13) for details). Thus the blue count is the front runner.

In recent days, the Dow is currently offering more obvious waves. See Chart 2 and Chart 3.

[805am] ES update -
Small degree w3 of (5) is likely in progress (Chart 2, black).