Wednesday, August 13, 2014

Market Timing Update (8/13/14)

[EOD] Stocks -
Chart 1 tracks the squiggles and Chart 2 tracks the larger count. It is possible to fit a (strange looking) five wave advance (blue count) to today's high (or a minor higher high) in SPX cash (but not ES) - for the moment, the blue upward expanded flat (C(X)) remains on the table.

[1250pm] SPX update -

[735am] ES update -
Top scenarios to watch (a) gap and go wave 3/C (b) another pullback to around 1920ES (wave [c]-down of 2/B).