Wednesday, July 17, 2013

Market Timing Update (7/17/13)

[EOD] Stocks -
Unless wave [iv] is over (Chart 1 green-alt), SPX is likely tracing out an expanded flat (Chart 1 green, Chart 2). Chart 3 counts the rebound into the close as a small degree 2nd wave, which gets invalidated with a fresh pivot high.

[235pm] SPX squiggles -
for daytrading... see charts.

[725am] ES update -