Tuesday, August 27, 2013

Market Timing Update (8/27/13)

[240pm] SPX update -
Downward gaps of the previous upswing are now filled by a well-formed five wave decline from the nominal high. See charts and counts.

[1205pm] SPX update -
This fifth wave decline has the potential to fill the last remaining gap at low 1630s. We now have two unfilled downward gaps as marked. See charts.

[910am] ES update -