Monday, July 25, 2011

Market Timing Update (7/25/11)

[EOD] Stocks -
NDX - one more upward push (overthrow) to complete this potential ED likely
SPX - leave room for the red expanding EDT.
See Breaking Out? (7/22/11) for thoughts on the larger picture.
[250pm] Potential NDX ED sighting -

[755am] Overnight update (ES) -
Additional near term downside potential most likely, expanded EDT likely, a 1/2/1/2 setup less likely.