Wednesday, July 10, 2013

Market Timing Update (7/10/13)

[AH] ES update -
ES update with the after-hours Bernanke-comment-driven surge. Note how well ES channels. See charts.

[EOD] Stocks -
The current upswing is likely over. A retest of prior resistance or more is likely (see the 1st chart in the 230pm update). The chart to the write offers a bearish squiggle count from today's high / orthodox high.

[230pm] SPX update -
Potential end of the upswing. See charts.

[1140am] SPX update -
A potential small-degree wave iv likely completed/completing. See chart.

[740am] ES update -