Monday, January 5, 2015

Market Timing Update (1/5/14)

[EOD] Stocks-
Today's low in SP500 touched the remaining upward gap (see chart) near the fib-618 retrace of the prior upswing. Potential window for a low/rebound today and tomorrow. If so, we could count the decline as wave (ii) or wave[C] of a larger running flat. See charts.

[1030 am EST] SPX update-
Potential window for a low/rebound today and tomorrow. See charts for tracking counts.

[720 am EST] ES update-
5 or 7 waves down from the nominal high. see chart.

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