Wednesday, July 23, 2014

Market Timing Update (7/23/14)

[EOD] Stocks-
ES spent the session around the potential neckline and is also wedging. See charts.

[910am] ES update-
"Breakout" support in ES held overnight at 1972.25. An inverse H&S with respect to the green neckline a possibility if the market chooses to deliver - right shoulder to around 1950. See chart.