Wednesday, March 4, 2015

Market Timing Update (3/4/15)

[EOD] Stocks-
Lateral support is holding at the moment (Chart 1), but need to show conviction shortly. Potential red 4 in Chart 2? especially on a retest of today's low.

[720am] ES update-
ES probing the first lateral support, again. The blue wave 4 is likely in progress. HS projects to the 2080 area on support failure. See chart.