Tuesday, May 17, 2011

Market Timing Update (5/17/11)

[EOD] stocks -
Cannot rule out one additional lower low based on the red count on ES - so far 7 waves down from the red (b). The green count has a / the low potentially in place.

The red count in the cash SPX chart presents a more bearish scenario.

[1130am] SPX, ES -

[overnight] ES -