Friday, July 8, 2011

Market Timing Update (7/8/11)

[352pm] ES follow-up -
Before and after, see the 2nd chart below
[315pm] Count update (ES) -
Two potential triangles, for BTXD profit target or re-short entry signal. Since the job report was released pre-market, the cash index likely is missing squiggle waves.
note: leave room for the possibility of its still being in wave [c] of the red triangle.

[940am] Count update (SPX) -
See the 2nd chart below. Wave [ii] (red) or wave (iii) (blue) or wave E (see ES Chart) retrace in progress.
[725am] Overnight update (ES) -
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