Tuesday, June 5, 2012

Market Timing Update (6/5/12)

[EOD] Stocks -
SPX/ES presents a potential EDT into the close, which likely is wave 5-up off the overnight low.
The bearish count of a zig-zag rebound, likely a small degree wave 4, off the June low is complete.
The bullish potential of a 1/2/[i] setup requires follow through buying.
See charts.

[10am] SPX squiggles -
see the 2nd chart below.
[745am] ES update -