Friday, June 14, 2013

Market Timing Update (6/14/13)

[EOD] Stocks -
The potential ending triangle discussed in the 1120am update continues to track so far. Chart 1 and chart 2 update our bull and bear tracking.

PS - Oleg's count, see comments section -

[1120am] SPX update -
On the bullish side, an interesting possibility is a A-B-C(triangle) structure from the all-time high. See the red count and the red triangle. There is no guarantee that this is the case, but beware of a sharp wave E drop then an upward reversal.

[815am] ES update -
Tracking the current upswing as black B, green 1, red 2 or blue [ii].