Thursday, June 7, 2012

Market Timing Update (6/7/2)

[EOD] Stocks -
We have a reasonably well formed zigzag decline from the day's high. Whether it is a small-degree 4th wave pullback or can morph into a larger 2nd wave decline (Chart 1 blue) or even something more bearish (Chart 1 red, Chart 2 purple) remains to be seen. See charts.

[1015am] SPX update -
Here are the SPX cash index counts to match the ES counts. Larger counts and squiggles. See charts.

[730am] ES update -
Larger counts and squiggle count from the low.