Thursday, March 15, 2012

Market Timing Update (3/15/12)

[620pm] NDX update -
The following two charts show prospects of NDX topping at least for the near term.

[EOD] Stocks -
The grind higher continues with SP500 closing above 1400. Chart 1 shows SPX wrapping up (iii)-up or (v)-up of [v]-up off the Nov 2011 low. Chart 2 offers a squiggle count.

[1130am] ES update -
potential 4th wave triangle