Monday, March 14, 2011

Market Timing Update (3/14/11)

[920pm]Futures update -
[EOD]Stocks -
The low in futures held but that in the cash index did not. There's no confirmation of a clear impulse rise from the low yet.

Note that the overnight decline in the futures is a three, which is bullish but we cannot rule out a larger triangle being at work until a higher high is in place (see chart).
[1110am,1135am] Squiggle update (ES and SPX) -

[Overnight update] -
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