Monday, April 16, 2012

Market Timing Update (4/16/12)

[EOD] Stocks -
Chart 1 updates the chart in the 150pm entry. All options discussed in the 150pm entry are still on the table.
Chart 2 offers a squiggle on the on 1min chart for the near term bullish count which is looking at a 1/2/1/2 or LDT setup.
See Retest (4/13/12) for thoughts on the larger count.



[150pm] SPX update -
Zigzag advance from today's low at the moment. On the bullish side, it could be the start of C-up of an upward flat (blue) or something more bullish (green). On the bearish side, leave room for an expanding EDT 5th wave (purple [v], red C) or LDT (red [i] or [i]/[ii]/(i)/(ii)).
[1020am] SPX squiggles and NQ update -
interesting juncture in wave structures, see charts.


[710am] ES update -
see Retest (4/13/12) for more details


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