Thursday, July 25, 2013

Market Timing Update (7/25/13)

[EOD] Stocks -

[150pm] SPX/INDU update -
SPX - completed flat or 5-down from the nominal high; 5-down from the orth. high
INDU - completed three from the nominal high; LD from the nominal high or the orth. high.
see charts.

[945am] SPX update -
A five wave decline off the orthodox high in SPX cash (pink) and a five wave decline in ES from its nominal high (but only three waves from the same orthodox high. See charts.

[750am] ES update -
ES daily, 30min, and squiggle from the recent high. See charts.