Friday, June 28, 2013

Market Timing Update (6/28/13)

[EOD] Stocks -
It's likely that we have a failed small-degree 5th wave today, barring an extension of the proposed 5th wave. See charts.

[1150am] SPX update -

[725am] ES update -
Month end. Please note the green B-flat count in Chart 1. It's prudent and logical for shorts to set stops at the May high rather than the June high, and for longs to set stops at the June high.