Thursday, December 5, 2013

Market Timing Update (12/5/13)

[1pm] SPX/NDX -
Beware of a potential bearish small-degree triangle, as evidenced in NDX and mapped into SPX. The drop in NDX is so far corrective.

Alternatively, the pullback (possibly counts as a fourth wave) could be over and a potential wave five is in progress.

See charts.

[8am] ES update -