Thursday, April 26, 2012

Market Timing Update (4/26/12)

[EOD] Stocks -
Moment of truth.Also see chart on INDU (the 2nd chart under the 205pm entry.

[205pm] ES update -
Approaching the end of a five-up (blue,green). Alt is a 3rd wave advance is in progress (alt green).

[1145am] SPX update -
see the 2nd chart below. current high in SPX cash likely the end of 3rd wave or 5th wave up from the April 23rd low. [9am] ES update -
Likely a small degree 4th wave retrace in ES overnight. See chart.