Tuesday, November 4, 2014

Market Timing Update (11/4/14)

[805am] ES update-
U.S. election day.
ES wrapping up the red C, blue 3 or green 5 at yesterday's high or at the end of another push higher, depending whether one counts off 1813 or 1815.25 (Oct. lows). See Chart 1.
There is a potential small degree HS pattern which projects to the 1996 area in ES if it is for real (or 2020s if it fails). See Chart 2.