Monday, July 30, 2012

Market Timing Update (7/30/12)

[EOD] Stock -
Chart 1 tracks the recent surge in SPX. Chart 2 shows the corresponding squiggle counts over the past two days.
[green] a sideways complex correction, potentially involving one or two triangles, and likely complete.
[blue] a zigzag pullback, with [c]-down about to start.
[red] a trend reversal is in progress, with 3-down about to start.

[7am] ES update -