Wednesday, August 8, 2012

Market Timing Update (8/8/12)

[EOD] Stocks-
SPX appears to be testing potential new support (Chart 1, green lines). Thus, in conjunction of the wave development, a triangle watch is warranted (Chart 2, blue and green lines ).

[105pm] SPX update -
Triangle watch (blue)

[840am] ES update -
Topped/topping (red) or bullish extension (blue)

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