Tuesday, August 5, 2014

Market Timing Update (8/5/14)

[EOD] Stocks -
We got a visual five wave decline in stocks with today's lower low. Expect a bounce next (perhaps after one more squiggle down). The personality of the bounce would shed light on whether this is an initial decline (red count) or a terminal one (green count). See chart.

[745am] ES update -

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