Tuesday, July 29, 2014

Market Timing Update (7/29/14)

[EOD] Stocks-

[12:15pm] SPX/ES update-
Partial but acceptable gap fill in ES/SPX. Near term tracking counts in Chart 2 by color. The black count describes a five-down off the orthodox high, followed by an upward expanded flat rebound to this mornings high. Interestingly, this mornings high marked the 0.618 retrace for the said decline.