Thursday, December 15, 2011

Market Timing Update (12/15/11)

[340pm] SPX update -

[9am] DAX, ES update -
DAX - The recent low is either wave 7 (blue) or wave 9 (green)down from the nominal high. Rising above 5852.43 confirms an upswing. The recent low is around 0.618 retrace.
ES - In a similar spot as DAX. Green - low is in; Blue - one more swing low; Red - bearish 1/2/[i]/[ii] setup.