Market Timing Update (1/10/11)

[EOD] It's a session full of EDs today, as illustrated in Chart 1 (SPX cash index squiggle for the day) and Chart 2 (NDX 60min).
Regarding the larger count, the best interpretation may be that today's rebound is wave c-up of (b)-up of [iv]-down (Chart 3 and Chart 4). Wave (b)-up of [iv]-down may have ended at the PM high.

[137pm] A potential ED in SPX
Let's see if it is one.

[1235pm] Squiggle update (ES) -

[740am] Overnight update -
Multiple near term options in the ES count as indicated. The decline from the high remains corrective-looking so far.